Belasko is pleased to announce the successful completion of its ISAE 3402 Type 1 audit, resulting in an unqualified opinion from its independent external auditors.
This significant milestone demonstrates the strength of Belasko’s internal control framework and underscores its commitment to delivering high-quality, secure, and reliable fund services to clients.
04 June 2025 – The ISAE 3402 (International Standard on Assurance Engagements) is a globally recognised benchmark that evaluates the design and implementation of internal controls within service organisations. Receiving an unqualified Type 1 opinion means that Belasko’s controls were found to be suitably designed and implemented effectively as of the review date, providing enhanced assurance to clients, regulators, and stakeholders.
Ed Green, CEO of Belasko, commented:
“Congratulations to all involved in reaching this milestone, and for the dedication and hard work in getting to this outcome. This is a key validation of our controls environment and an important step forward in strengthening our reputation with our clients and network.”
The successful audit is the result of close collaboration across the business and reflects Belasko’s strategic focus on operational excellence, governance, and client-centric service. It represents a foundational step in Belasko’s broader programme of assurance, which will continue with the pursuit of ISAE 3402 Type 2 accreditation—assessing the ongoing operating effectiveness of controls over a sustained period.
“This achievement is not only a mark of quality, but a springboard for continuous improvement,” said Sandeep Lamba, Head of Fund Operations at Belasko. “We are committed to enhancing our control environment and delivering a best-in-class service that clients can depend on.”
Belasko’s approach to assurance aligns with its mission to combine innovation and integrity in support of its clients’ evolving needs.
Belasko is a leading fund and fiduciary firm specialising in fund administration, corporate services, and private wealth solutions. Operating across multiple jurisdictions, Belasko delivers tailored, tech driven, high-quality services to global fund managers, high-net-worth individuals, families, and entrepreneurs.
For business enquiries:
Sandeep Lamba, Head of Fund Operations
[email protected]
For media enquiries:
Alice Heald, Group Head of Marketing
[email protected]
Written by
Sandeep Lamba
Director, Fund Operations
Sandeep joined Belasko in February 2024 to Head up Funds Operations.
In his role, he’s responsible for developing, implementing, and maintaining ongoing oversight of the Group Target Operating Model to support the delivery of client services. He leads the development of policies, procedures, and the overall control governance framework to drive ISAE 3402 compliance.
An Associate Member of The Institute of Chartered Accountants of India, Sandeep trained with PWC in Mumbai, and has 20+ years’ experience in financial services spanning across audit, assurance and fund administration, leading building performing teams and delivering value added services to clients and stakeholders.
In his spare time, Sandeep likes to spend time with his two boys, running for good health and practising breath work and meditation for mental well-being.
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