Cohen Fund Audit Services has substantial experience with specialized audit engagements for service providers. Our expertise is based on a wide range of experience with 15+ mutual fund service providers nationwide and years of experience dealing with complex operational issues facing investments companies.

Services

• SSAE 16 Engagements
  Statement on Auditing Standards No. 70, Service Organizations (SSAE 16), is an auditing standard providing guidance to enable an independent auditor to issue an opinion on a service organization’s internal controls. The SSAE 16 audit report is critical to a service provider’s credibility. Cohen Fund Audit Services has specialized expertise in this area, including fund accounting, transfer agency and custody functions. Specific services include:
  • Readiness Assessments
  • Type I Audits
  • Type II Audits
• Agreed-upon Procedures
  Another area of value to service providers is an agreed-upon procedures engagement. This value-add engagement is meant to provide attest services while still incorporating flexibility as to the terms and scope of the procedures performed, as driven by the needs and ultimate goals of the service provider. Agreed-upon procedures are best used as a tool for special projects where additional assurance is desired, related to topics such as:
  • Verification of advisor-provided detail
  • Control testing on business lines or departments outside of the SSAE 16 report
  • Compliance testing related to the implementation or monitoring of a particular regulatory development