AUD A4.1.1

In producing a Safe Custody 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 extent to which the Authorised Firm was holding and controlling Client Investments or Providing Custody; and
(b) whether:
(i) the Authorised Firm has, throughout the year, maintained systems and controls to enable it to comply with the Safe Custody Provisions in COB App6;
(ii) the Safe Custody Investments are registered, recorded or held in accordance with the Safe Custody Provisions;
(iii) there have been any material discrepancies in the reconciliation of Safe Custody Investments;
(iv) the Auditor has received all necessary information and explanations for the purposes of preparing this report to the DFSA; and
(v) any of the requirements of the Safe Custody Provisions have not been met.
Derived from DFSA RM130/2014 (Made 21st August 2014). [VER1/06-14]
[Amended] RM189/2016 (Made 7th December 2016). [VER03/02-17]