Monday, 16 March, 2015

Vistra Depositary Services in the Netherlands - ISAE 3402 Report

Vistra have issued their Type 1 report in accordance with International Standard on Assurance Engagements (ISAE) 3402 for internal controls relating to Depositary Services in the Netherlands. The examination report was issued by Mazars.

There are two types of ISAE 3402 reports: Type 1 refers to the design and existence of internal management measures, and Type 2 which reports on the effective functioning of internal controls over a defined period.

Peter Soesbeek, Director leading Vistra's Depositary Services team, stated: "Issuing the report specific to our depositary services is a credit to the hard work of the team. We are now working towards issuing the Type 2 report by the end of 2015."

ISAE 3402 is a global assurance standard for reporting on controls at a service organisation. It was developed by the International Auditing and Assurance Standards Board (IAASB) to provide a standard that auditors can use to ensure the integrity of an organisation's internal controls. The examination report is issued by an independent accounting and auditing firm and covers an examination of the description of the system, the design of the controls and the operating effectiveness of controls over a period of time.



+31 88 560 9950