Successful operational audit at NSD

AO UniCredit Bank
Mon, 30/10/2017

The Russian NSD has completed an operational audit under ISAE 3402 Standard 2

                                                                                                                               

The National Settlement Depository, the Russian CSD, has published the results of the operational audit conducted by ZAO Deloitte & Touche in accordance with the international standard ISAE 3402 Type 2. The CSD is obliged to perform the external audit at least once every two years.

Key business processes were analysed in the scope of the audit, including custody settlement, clearing and repository services, as well as related control procedures in the field of information security, such as access control and change management.

Among the main conclusions mentioned in the operational audit results report are the following:

  • the process description provides a reliable picture of the custody, settlement, clearing and repository services performed during the period from 1 January to 30 June 2017;
  • control procedures are properly designed and provide sufficient confidence in the performance of the control objectives;
  • control procedures that were tested to ensure the reasonable assurance of the control objectives achievements were effective in the period from 1 January to 30 June 2017.

 

Daria Fadeeva
Relationship Manager
Global Securities Services Russia
darya.fadeeva@unicredit.ru