TMF Group Luxembourg obtained the ISAE 3402 Type II qualification, following its achievement of the ISAE 3402 Type I report in June 2013.
The qualification was officially signed on 1 July at our office in Luxembourg.
ISAE (International Standards for Assurance Engagements) 3402 came into effect in June 2011, and is a global assurance standard for reporting on controls at service organisations.
It’s an extension and expansion of SAS 70 (the Statement on Auditing Standards No. 70), which defined the standards an auditor must employ in order to assess the contracted internal controls of a service organisation.
Read more about ISAE 3402 here.
Frank Welman, Head of Benelux for TMF Group, says: “This is an important milestone for our Luxembourg office and gives us the edge. More and more clients look for this stamp of approval when choosing a service provider, especially those clients listed on any stock exchanges.”
Find out more about our Luxembourg office.