Tue, Oct 6, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dundee Leeds completes SSAE-16 audit of controls and operations

Tuesday, February 28, 2012

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......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  2. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  3. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  4. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From Marketrealist.com: In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  5. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Reuters.com: Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'