The North American operations of StatPro, which provides cloud-based portfolio analysis and financial data solutions for the global asset management industry, has completed its second-annual SSAE 16 Type II audit for its hosted analytics platform and market data services in its third-party collocation facility.
The firm also completed its first SSAE 16 Type II audit over the hosting of StatPro Revolution, its cloud-based portfolio analysis and reporting platform.
SSAE 16, which supersedes the SAS 70 standard, assesses the effectiveness and consistency of the internal controls of a firm. StatPros audit, completed this month, covered the June 1 to September 30 and was performed by PricewaterhouseCoopers.
The latest audit spans the control environment, risk assessment activities, control activities, communication systems and monitoring activities that StatPro maintains in its technology production environment. It includes StatPro North Americas information technology controls, including logical security, change management, backup and recovery and the processing and scheduling that support these services.
This continued audit of our service demonstrates our commitment to providing the asset management industry with a secure and robust technology platform for portfolio analytics, asset valuation and reporting, and we are delighted to extend the audit to include StatPro Revolution, our cloud-based portfolio analysis and reporting service, says Andrew Peddar, CEO of North America for StatPro. Successfully completing another SSAE 16 Type II audit provides increased assurance and confidence to our clients in the security of our hosted and cloud-based analytics platforms and our market data services. It also demonstrates our dedication to the security of our technology infrastructure and clients data.
(CG)