Country for PR: China
Contributor: Xinhua News Agency
Thursday, April 04 2019 - 21:11
AsiaNet
Guotai Junan Securities Asset Custodian and Outsourcing Service Passed ISAE No. 3402 for the Fourth Consecutive Year
SHANGHAI, China, April 4, 2019 /Xinhua-AsiaNet/--

Guotai Junan Securities has passed through the ISAE3402 again, becoming a 
brokerage with Asset Custodian and Outsourcing Service that has passed ISAE3402 
international certification for the fourth consecutive accounting year.

International Standard on Assurance Engagements (ISAE) No. 3402, Assurance 
Reports on Controls at a Service Organization, 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 ISAE3402 
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's Asset Custodian and Outsourcing 
services 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.Guotai Junan Securities 
has gained outstanding long-term performance and reputation for its Asset 
Custodian and Outsourcing services. Last year, it won "the Best Custodian 
(Private Funds), China" and "Best Fund Administrator (Alternatives), China" 
which are issued by The Asset magazine.

Source: Guotai Junan Securities