Cyprus ba​sed fi​nan​cial te​ch​no​lo​gy co​mpany, cTra​der Ltd. (also kno​wn as Spo​twa​re) has an​noun​ced that it has re​ceived a fi​nal re​port on its ISAE 3402 Type I au​dit, the best-pra​cti​ce stan​dar​ds re​port or assu​ran​ce re​por​ting on con​tro​ls at a se​rvi​ce or​ga​ni​za​tion.With an uner​ring fo​cus on sa​fe​ty and qua​li​ty assu​ran​ce, whi​ch is pa​ra​mount as a gro​wing Fin​Te​ch co​mpany, cTra​der has co​mple​ted an au​dit of its con​tro​ls, pu​tting in pla​ce ma​tu​re in​ter​nal con​tro​ls and mea​su​res to fur​ther en​han​ce its po​si​tion as the lea​der in ro​bu​st FX STP, ECN so​lu​tions. An​drey Pavlov, CEO, cTra​der Ltd, said “We’re de​li​g​hted to have achieved this re​co​g​ni​tion of the hi​g​he​st-stan​dard con​tro​ls we imple​ment to sa​fe​guard our clien​ts’ data for the ran​ge of Spo​twa​re pro​du​cts. This se​rves to fur​ther streng​then our re​pu​ta​tion for se​cu​re ope​ra​tio​nal pra​cti​ce, and is ano​ther exa​mple of cTra​der’s co​mmi​tment to re​spe​ct the tru​st pla​ced in us by our clien​ts.” The ISAE (for​mer​ly SAS 70) Type I re​port is gran​ted to co​mpa​nies who de​mon​stra​te a level of “rea​so​na​ble assu​ran​ce” over the con​trol in​te​g​ri​ty of the pro​ce​ssing envi​ron​ment and embe​ds a strong con​trol cu​ltu​re. The re​port de​scri​bes and for​ma​li​zes the per​ma​nent con​trol pro​ce​sses, their obje​ctives and the pro​ce​du​res used when pro​ce​ssing ope​ra​tions. Achieved un​der the gui​dan​ce of De​loi​tte, ISAE 3402 Type I also offers an opi​nion that system con​tro​ls are sui​ta​bly de​si​g​ned and imple​men​ted.