Precy Dumlao, Opalesque Asia: Alternative investments solutions provider Dundee Leeds has announced the completion of its annual review of the firm’s control system under the new SSAE-16 examination, completed by global audit firm PricewaterhouseCoopers.
In a statement, the company said that the independent audit revealed no exceptions, evaluated the design of Dundee’s operations and control environment, and that these controls had been operating effectively for the year ended September 30th 2011.
Andrew Yonda, President said, "We continue to provide our clients with a superior relationship based service, but the successful completion of the SSAE16 audit also shows our commitment to providing this to our clients with industry recognized best practice procedures and standards."
Dundee Vice President Phil Gee added, "The decision-making process when identifying service providers has never been more important. Investors require a level of assurance from service providers and a SSAE-16 ensures that the controls and processes they expect are being maintained and delivered".
SSAE-16, which replaces the former SAS-70 Type 2 standard, is an internationally recognized reporting standard developed by the American Institute of Certified Public Accountants (AICPA) that reports on a service organization's controls over the services it provides.
The report includes testing on a broad range of internal contro......................
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