Guotai Junan Securities has passed the ISAE No. 3402 again recently, becoming a brokerage with Asset Custodian and Outsourcing Service that has passed the international certification for the fourth consecutive accounting year.
International Standard on Assurance Engagements (ISAE) No. 3402, Assurance Reports on Controls at a Service Organization ( ISAE No. 3402 for short), was issued by the International Auditing and Assurance Standards Board (IAASB), which is part of the International Federation of Accountants (IFAC). ISAE 3402 was developed to provide an international assurance standard for allowing public accountants to issue a report for use by user organizations on the controls at a service organization.
Since 2015, Guotai Junan Securities Asset Management Department has authorized PricewaterhouseCoopers (PwC) Zhongtian Accounting Firm to conduct ISAE 3402 International Standards Assurance Project. Over four months of business interviews, walkthrough tests, control tests and report validation, PwC concludes that the control has been properly designed, and the tested control, along with the supplemental control, is reasonable and effective.
In recent years, Guotai Junan Securities’ Asset Custodian and Outsourcing services have focused on providing full-service asset custody and fund administration services to global asset management agencies, devoting itself to creating professional service projects and advanced service models. The innovative service model that promotes innovation with service and leads the trend with innovation is widely praised by the industry. Last year, it won the "Best Custodian (Private Funds), China" and "Best Fund Administrator (Alternatives), China" which are issued by The Asset magazine.