DLM Finance (DLM) is compliant with the International Standard on Assurance Engagements (ISAE) 3402 Type II. The audit that involves a thorough independent examination of DLM’s internal controls and processes by 2 external audit firms. The audit activities are performed each year throughout the year, the audit report is re-issued annually.
The audit report demonstrates the reliability, security and integrity of DLM’s proprietary system, the Trade Manager as well as the effectiveness of both the in-built system controls as the procedural controls around processes that DLM handles for its customers.What is ISAE 3402?
ISAE 3402, reports on the controls within a service organisation. The International Auditing and Assurance Standards Board (IAASB), a branch of the International Federation of Accountants (IFAC), defined the audit standard. ISAE 3402 was developed to provide an international assurance standard to allow certified public accountants to issue a report about the controls within a service organisation that are likely to impact, or be part of their clients’ system of internal control over financial reporting. The service organisations clients and their auditors can use the independent report to analyse the service organisations ability to perform, against an international standard.
ISAE 3402 was issued by the International Auditing and Assurance Standards Board (IAASB) in 2010 to succeed the Statement on Auditing Standards No. 70 (SAS70).