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AUD A2.1.1

In producing a Client Money Auditor's Report, an Auditor must state as at the date on which the Authorised Firm's audited statement of financial position was prepared:

(a) the amount of Client Money an Authorised Firm was holding and controlling in accordance with COB chapter 6 and with the Client Money Provisions; and
(b) whether:
(i) the Authorised Firm has maintained throughout the year systems and controls to enable it to comply with the relevant provisions of COB chapter 6 and, if applicable, COB App5;
(ii) the Authorised Firm's controls are such as to ensure that Client Money is identifiable and secure at all times;
(iii) any of the requirements in COB chapter 6 and the Client Money Provisions have not been met;
(iv) if applicable, Client Money belonging to Segregated Clients has been segregated in accordance with the Client Money Provisions;
(v) if applicable, the Authorised Firm was holding and controlling the appropriate amount of Client Money in accordance with COB chapter 6 and with the Client Money Provisions as at the date on which the Authorised Firm's audited statement of financial position was prepared;
(vi) the Auditor has received all necessary information and explanations for the purposes of preparing the report to the DFSA; and
(vii) if applicable, there have been any material discrepancies in the reconciliation of Client Money.
Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]