ISAE 3402 Audit Workflow Solutions

The software development provider aimed to establish an audit-compliant process covering software development, testing, staging, and release. This process was designed to meet the ISA 3402 / SOC1 audit requirements for small to medium financial firms.

Drawing from in-depth knowledge of the ISA 3402 audit procedure, Iter Orior meticulously mapped out the control framework. This involved crafting controls tailored to the unique landscape of asset managers and hedge funds. Specifically, our expertise focused on articulating the audit prerequisites for software development, testing, staging, and release. These requirements encompassed maintaining secure code repositories, delineating distinct roles and responsibilities, and instituting rigorous sign-off and review protocols.

We assisted the client in thinking about the steps required in building a software development service that they would be able to offer to aid smaller asset managers and hedge funds achieving compliance with the audit requirements, ensuring a comprehensive and compliant approach across the entire software development lifecycle.