GIPS® Our team has global experience in verifying compliance with Global Investment Performance Standards® in line with the Investment Performance Council (IPC) guidelines. Compliance with GIPS® has become a key differentiator in the industry, providing a consistent approach to investment managers in communicating their performance to clients.We give managers, investors and regulators the confidence that risks and returns are managed, measured, and reported effectively and transparently. STOCKBROKING The Financial Services team understands the unique and complex issues our JSE listed clients face. Our dedicated professionals have the skills and expertise to meet the unique economic, compliance and accounting challenges stockbrokers face while managing money and customer assets. Through our audit team and JSE accredited partners’ experience, we offer knowledge of processes, governance, internal controls and technical accounting. Our teams are experienced in carrying out assurance work, including regulatory reporting as required by the JSE. INVESTMENT ADMINISTRATION The investment administration industry is subject to local and global regulations around anti-money laundering, privacy and reporting. We anticipate the impact of industry trends on your business and provide tailored solutions underpinned by detailed knowledge of processes, governance and internal controls. ISAE 3402 There are two types of ISAE 3402 reports. Our versatile audit methodology focuses on both types of reports. For the Type One report we provide assurance on the service organisation’s description of controls at a specific point in time, considered a “readiness” report. For the Type Two report, we provide reasonable assurance on the fairness of the presentation of the description and on the suitability of the design, implementation and operating effectiveness of the controls over a specified period. ISAE 3402 engagements provide the following benefits: Identification of opportunities for improvement in the control environment The client’s potential new clients are given external confirmation about their control environment and the assurance that the controls are regularly evaluated The client’s potential new clients’ external auditors can place reliance on the controls if operating effectively over a specified period, thereby reducing disruption at their organisation
JARED MITRI FINANCIAL SERVICES SECTOR HEAD FORWEALTH AND INVESTMENT MANAGEMENT E: jmitri@bdo.co.za T: +27 (0) 21 460 6322
Jared has over 13 years’ experience in auditing and advising clients in the wealth and investment management sector. He has looked after leading financial institution clients in this sector, helping them navigate both local and non-local regulation, operation and financial risk. After joining BDO in 2019 from a big four firm, Jared has crystallised his passion for the profession in particular the enhancement of quality services through technology and appreciation for our professional capacity for insights when afforded the scarcest commodity – time.
Qualifications: CA(SA) H.Dipp.Tax Law
BDO FINANCIAL SERVICES 11
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