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Daiwa retains its Statement of Auditing Standards

Monday, October 03, 2011
Opalesque Industry Update - Daiwa Securities Global Asset Services, the fund servicing arm of the Daiwa Securities Group has retained its Statement of Auditing Standards (SAS) 70 Type II report from its independent auditors, KPMG, in respect of Daiwa Europe Fund Managers Ireland Limited, its Fund Administration operation in Ireland. The report was issued in final form in August and covers the 12 month period ending 31 May 2011.

Daiwaís previous SAS70 Type II report was issued in January 2011, but in response to developing industry trends and the wish to give clients and fund auditors the highest level of continuous assurance , Daiwa has moved to having 12 monthly SAS70ís which will be issued on a bi-annual basis for the previous 12 month period. Source

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