Vistra has been awarded the International Standard on Assurance Engagements (ISAE) 3402 Type 1 Certification 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 certification which reports on the effective functioning over a defined period.
Peter Soesbeek, Director leading Vistra's Depositary Services team, stated: "Gaining this certification specific to our depositary services is a credit to the hard work of the team. We are now working towards achieving Type 2 Certification 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...