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Atlas Fund Services Successfully Completes SSAE 16 SOC 1 TYPE II Examination

22 January 2014
Atlas Fund Services
Atlas Fund Services Successfully Completes SSAE 16 SOC 1 TYPE II Examination

Atlas Fund Services (“ATLAS”) one of the leading independent hedge fund administrators announced today its fourth successful completion of the SSAE 16 SOC 1 Type II examination within the scope of fund accounting and investor relations services. The examination was carried out by Deloitte for the fourth consecutive year for the period ended September 30, 2013.

The Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization, is the authoritative guidance for reporting on service organizations. The examination requires an auditing firm to provide an independent assessment of Atlas’s internal procedures and controls, and to incorporate a broad range of fundamental processes such as new clienton-boarding, portfolio position and transaction verification, NAV calculation, investor / shareholder / partnership transactions and data integrity verification.

“Our successful completion of SOC 1 (Service Organization Controls Report) Type II audit provides our clients with continued reassurance that rigorous and reliable controls for critical aspects of the business operations are in place to meet the highest standards as set for the by the AICPA” commented Danique Sprock, MD at Atlas Fund Services. “Our highest priority has been to operate at the forefront of industry requirements and upholding the highest standards, which is an obligation we have as a corporation towards our clients so they can continue to trust their business to us with complete confidence.”