Quintillion Completes SAS 70 Type II
Release Date: 24 November 2010
Dublin, 24 November 2010. Quintillion Limited today announced the completion of its SAS 70 Type II Independent Service Auditor’s report. The certification was completed by leading big four Accounting and Audit firm Deloitte and Touche and provides verification of independent review and rigorous testing of Quintillion’s internal control environment.
The report includes testing on a broad range of internal controls including client boarding, transaction processing, cash and position reconciliations, valuations, NAV calculation, investor services, reporting, performance fee processing, data access, systems security, IT change management and data backup. SAS70 is the authorative guidance that allows service providers to disclose their control activities and processes to their customers and their customer’s auditors in a uniform reporting format.
Linda Gorman, Chief Operating Office of Quintillion said “the successful completion of the SAS70 certification shows Quintillion’s commitment to the highest industry standards. There is an increased demand amongst our clients and institutional investors for a SAS 70 Type II certification, and we are delighted that our control environment and technology has withstood review with no exceptions. Quintillion is committed to continuing to provide top-tier servicing to our clients and their investors.’
Quintillion is an independent fund administration company based in Dublin’s IFSC. Launched in 2006, the majority ownership of the company is shared by the management and staff. A 25% minority shareholding is held by JP Morgan Chase N.A. Quintillion’s blend of experienced and talented operations teams and smart technologies provide transparent reporting to Investors and managers, delivering easy integration with all related parties and our client focused teams and management take ownership and pride in delivering outstanding service to every customer. Further information: www.quintillion.ie
Head of Business Development – Quintillion Limited
Phone: +353-1-5238003 / Mobile: +353-87-131 9552