Tennant Achieves ISAE 3402 Type 1 & 2 Audits
Tennant, Asinta’s Partner in South Africa, announced that they achieved both the ISAE 3402 Type 1 and Type 2 Audits, underscoring their dedication to maintaining the highest standards of service and internal controls. This accomplishment sets them apart, as very few benefit consulting and administration firms have attained this level of certification, highlighting their unique position in the industry and unwavering commitment to excellence.
The ISAE 3402 is a global assurance standard for reporting on controls at service organizations. It is designed to provide your organization with a thorough understanding of Tennant’s control environment, focusing on:
- ISAE 3402 Type 1 Audit
This audit evaluates the suitability of the control’s design at a specific point in time. It ensures that control objectives and activities are properly designed to address and mitigate relevant risks. - ISAE 3402 Type 2 Audit
Building on the foundation of Type 1, the Type 2 audit goes a step further by assessing the operational effectiveness of these controls over a defined period. This ensures that the controls are not only adequately designed but also consistently applied and effective over time.
Why this matters
Enhanced Trust and Confidence
Achieving both Type 1 and Type 2 audits provides a comprehensive assurance about the effectiveness of a control environment. This dual achievement is a testament to our proactive approach to managing and safeguarding the interests of clients and their data.
Risk Mitigation
Tennant’s commitment to these rigorous standards means that they are continually identifying, assessing, and effectively managing risks. This proactive stance ensures the security and integrity of client data and mutual business operations.
Compliance and Transparency
These audits offer transparency into control activities and processes, ensuring that all adhere to industry best practices and regulatory requirements. This, in turn, supports clients’ compliance efforts and reduces the due diligence burden on their organization when partnering with Tennant.
Tennant’s ongoing commitment
Securing the ISAE 3402 Type 1 and Type 2 Audits is not just an achievement but a reflection of the firm’s ongoing commitment to excellence and continuous improvement. Tennat Group is dedicated to upholding these high standards and further enhances its processes to deliver unmatched service quality and reliability.
If you need support with your employee benefits in South Africa, please contact Asinta, and we will put you in touch with the local experts at Tennant.