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Kaufman Rossin Fund Services LLC completes service organization control (SOC 1) Type II

Monday, January 16, 2012

Christine Egan, director of KFRS
Opalesque Industry Update - Kaufman Rossin Fund Services LLC (KRFS) announced the successful completion of an independent examination of its fund administration business for the year ended September 30, 2001. This is the fifth consecutive year that KRFS has completed this examination. The examination was performed by the independent service auditor KPMG LLP and was free from exceptions.

The independent examination is comprehensive in scope and covers the net asset value (NAV) calculation, middle and back-office, and investor and treasury processes. This includes operational procedures and controls in the areas of client onboarding, trade processing, data reconciliation, valuation, investor processing and allocations and fund and investor reporting. The examination also includes controls related to logical and physical security, data transmission, change and problem management and system back-up and recovery processes for operations in all KRFS offices.

"This certification process provides our valued clients, their investors and our industry colleagues with an independent report on the substantial business controls that we strive to reinforce each and every day," comments Christine Egan, director of KFRS. "The numerous requests for this report are a result of the heightened awareness of the benefits of independence in every aspect of our business, the foundation that our organization was built upon back in 1994 as a spin-off of one of the nation's top CPA firms."

KFRS

Press Release

BM

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