Press Release | May 2012
 
 
Amicorp Fund Services Achieves ISAE 3402 Type 2 Accreditation
 
Amicorp Fund Services, a leading, independent and globally active fund administrator, announces today that it successfully concluded an ISAE 3402 type 2 assurance engagement by KPMG.

An extensive nine month audit covering all office locations resulted in an assurance report on the description, design and operating effectiveness of controls at Amicorp Fund Services. ISAE 3402 is the new International Standard on Assurance Engagements and has effectively replaced the aged SAS70 standard. It is a widely recognized directive because it represents that a service organization has undergone an in-depth audit of their internal controls in accordance with the International Standard on Assurance Engagements 3402, “Assurance Reports on Controls at a Service Organization,” issued by the International Auditing and Assurance Standards Board.

“The industry has seen its fair share of mishaps. Creating a transparent environment with adequate risk control procedures is a shared responsibility of all participants, including fund administrators” comments Claudio Cecchini, Global Head of Amicorp Fund Services. He continues: “Achieving this new benchmark validates our unwavering and continued commitment to the highest of industry standards and best practices.”
 
The ISAE3402 gives investors, fund managers, auditors and regulatory bodies a better understanding of Amicorp’s system and controls. It assists them with their due diligence and it can be used for their internal compliance requirements. The report is available to relevant stakeholders after signing a standard non-disclosure agreement.
 
About Amicorp Fund Services
 
Amicorp Fund Services is a licensed and/or recognized fund administrator in Curaçao, Cayman, Barbados, BVI, Bahamas, Malta, Luxembourg, Mauritius, India, Singapore and Hong Kong. Clients consist of hedge funds, private equity funds, fund of funds, real estate and retail funds, each employing a wide array of investment strategies. (www.amicorp-funds.com)
 
Amicorp Fund Services is part of the Amicorp Group, a global player in the financial services industry. Close to 650 employees across more than 40 offices and in over 25 countries service well over 13,000 clients through Amicorp’s main business lines of Company & Trust Management Services, Fund Services, and BPO and KPO Services. The combination of Amicorp’s professionalism, different disciplines and global reach,
 
creates maximum synergies for its customers. Amicorp is wholly independent and privately owned. (www.amicorp.com)
 
For more information contact:
manager   Claudio Cecchini
Global Head of Fund Services
Email
 
 
 
 
 
 
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