Toronto, December 31, 2013 – Portfolio Aid Inc. is pleased to announce the completion of its annual audit report for immediate release to all clients. As a provider of a compliance intelligence function to the Canadian financial industry, PortfolioAid undergoes audits of internal control for its software delivery life cycle, cloud technologies security practices, change management, and business continuity.
Completion of this important report indicates that the policies, procedures, and controls have been implemented by PortfolioAid under internationally recognized guidelines and tested by a certified public accounting firm. This year’s report covers the attributes of a reliable system referred to as the “trust services principles” for security, availability, and confidentiality.
A type 2 report covers the suitability of the design and operating effectiveness of controls. This report covered the period from October 1, 2012 to September 30, 2013.
Founded in 2001 and headquartered in downtown Toronto, PortfolioAid is Canada’s market leader in trade surveillance and compliance automation solutions. Serving IIROC & MFDA member firms as well as the regulatory bodies that govern them, PortfolioAid effectively reduces monetary and reputational risk across the Canadian financial services industry.
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