Citco announces completion of the Citco Governance Services SOC 1 report

New York, 18 November 2021 – The Citco Group of Companies (“Citco”) is pleased to announce, that for the ten-month period ended September 30, 2021, Citco Governance Services companies have successfully received a Service Organization Control 1 (“SOC 1”) Type #2 certification from an independent auditing firm. The examination in respect of the processes and controls within the Citco Governance Services offering resulted in the provision of an unqualified audit opinion from an independent audit firm.

The 2021 SOC 1 Type #2 Report has been prepared in accordance with the guidelines contained in the United States Statement Attestation Standards of the American Institute of Certified Public Accountants (“AICPA”) and International Standard on Assurance Engagements (“ISAE”) 3402 and its related amendments and interpretations.

The overall scope of the 2021 SOC 1 Type #2 Report covers Citco’s operations that provide Corporate Accounting Services in relation to Real Estate and Private Equity entities using the Yardi platform. For 2021, the independent examination consisted of an evaluation of the design and operating effectiveness of the following controls:

From a Corporate Accounting Services perspective, the examination included:

• Journal Entries;
• Cash Reconciliation;
• Investment / Property Accounting;
• Investment / Property Valuation and Related Profit & Loss;
• Loan / Investment Interest Accounting;
• Accounting package review and approval; and
• Financial Statement Reporting.

From an Information Technology perspective, the examination included:

• Change management;
• Backup, restoration and replication;
• Logical security; and
• Incident management.

The completion of the SOC 1 examination demonstrates the continuing commitment of Citco Governance Services to quality and confidentiality, and demonstrates, that Citco Governance Services continues to maintain a high level of internal control.

The Citco Group of Companies welcomes any inquiries that our clients may have with respect to the Citco Governance Services 2021 SOC 1 Type #2 Report.