Belasko has announced that it has achieved its ISAE 3402 Type 1 accreditation after an independent, external audit.
The ISAE 3402 (International Standard on Assurance Engagements) is a globally recognised benchmark that “evaluates the design and implementation of internal controls” within service organisations.
Receiving an unqualified Type 1 opinion means that Belasko’s controls were found to be “suitably designed” and “implemented effectively” as of the review date.
The fund and fiduciary firm said the achievement was part of its “commitment to delivering high-quality, secure, and reliable” fund services to its clients.
Belasko CEO Ed Green said: “Congratulations to all involved in reaching this milestone, and for the dedication and hard work in getting to this outcome.
“This is a key validation of our controls environment and an important step forward in strengthening our reputation with our clients and network.”
Belasko said it planned to continue pursuing the ISAE 3402 Type 2 accreditation, which assessed the “ongoing operating effectiveness” of controls over a sustained period.
Sandeep Lamba, Head of Fund Operations at Belasko, added: “This achievement is not only a mark of quality, but a springboard for continuous improvement.
“We are committed to enhancing our control environment and delivering a best-in-class service that clients can depend on.”