It is key to us that our clients have confidence in the service we provide. With this in mind, we have adopted the framework provided by the Audit and Assurance Faculty of the Institute of Chartered Accountants of England & Wales, “Assurance Reports on Internal Controls of Service Organisations Made Available to Third Parties” (AAF 01/06).
The AAF 01/06 report - which has effectively replaced the FRAG21 and goes much further toward being as comprehensive as the US SAS70 - specifies a series of control objectives that are relevant to our business, together with the internal procedures identified as being key to the achievement of each objective.
Each procedure is tested and reported upon, both by us and by an independent Reporting Accountant. The Reporting Accountant also provides independent assurance regarding our control framework.
We believe the resulting report provides evidence of how we are controlling risk and are able to provide this report to clients, prospective clients, consultants or other interested parties. The AAF report will be published annually, in June.
Please contact us to obtain a copy of the latest report.