ABAX, the only company in Mauritius which is both ISO 27001 certified and ISAE 3402 audited.
ISO / IEC 270001 is an international standard issued by the International Organisation for Standardisation (‘ISO’), which provides for the requirements of an information security management system (‘ISMS’). An ISMS is a systematic approach to managing information security risks so that the confidentiality, integrity and availability of information owned and managed by an organisation are protected.
ABAX obtained its ISO / IEC 27001 certification from the British Standards Institution in October 2014. The certification is a confirmation that ABAX has the protection of the confidentiality, integrity and availability of client information at the heart of its operations. ABAX is the first ‘Management Company’ in Mauritius to be ISO / IEC 27001 certified.
ISAE (International Standard on Assurance Engagements) 3402 is an international assurance standard which allows public accountants to issue an ISAE report on an organisation with respect to the controls put in place for financial reporting. The ISAE report is issued as Type 1 or Type 2 and is used by an organisation’s clients and their auditors to make an assessment of the organisations’s controls. While a Type 1 report provides the assurance that the organisation has designed appropriate financial reporting controls to meet the stated control objectives. A Type 2 report provides the additional assurance that the controls are operating effectively.
The Fund and Investor Services Line of Service of ABAX was successfully audited by PwC for the ISAE Type 2 assurance engagement in May 2016.