Clearstream publishes new International Standard on Assurance Engagements report

Clearstream just announced that the ISAE 3402 report for the period 1 October 2015 to 30 September 2016 is now available to premium users of their website.

The International Standard on Assurance Engagements (ISAE) No. 3402, is produced by Clearstream’s external auditors, KPMG, and is an assurance report on the description of Clearstream’s controls, their design and operating effectiveness.

It greatly assists the customer’s auditor in planning the audit of the customer’s financial statements. Without the ISAE 3402, the customer institution would possibly incur additional costs by sending their auditors to Clearstream to perform their procedures.

The report is also intended for Clearstream’s regulatory authority, the Commission de Surveillance du Secteur Financier (CSSF).

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