Automic Group achieves exceptional GS007, ASX compliance and ISO audit outcomes

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Automic Group achieves exceptional GS007, ASX compliance and ISO audit outcomes

By Automic Group | 21 August 2023

For Automic Group, passing external audits is not only a measure of compliance but also an opportunity to demonstrate our ongoing commitment to excellence, transparency and accountability across our business operations.

That is why we are pleased to announce we have completed an arduous external audit program with the rare and valuable achievement of “no exceptions” across five independent external audits covering our management systems and internal control environment.

These results, including our certification to International best practice standards, ISO9001 (Quality Management Systems) and ISO27001 (Information Security Management Systems), are a significant differentiator for Automic as a registry service provider.

According to Robbie Hulston, Automic’s Chief Risk Officer, Companies and Funds clients appropriately seek constant objective reassurance that their financial reporting, compliance with regulation and industry standards, and their investors are not negatively impacted by their registry.

“These enviable audit results are the culmination of the best technology and people in the industry, and an unwavering commitment to continuously improve quality and compliance standards.

We have put in place, and are always improving, stringent controls to meet our clients’ objectives. This is objectively substantiated through rigorous independent audit testing with no exceptions noted against:

GS007 Registry controls
GS007 Information Technology controls
ASX Compliance audit (review of registry functions under ASX settlement operating rule, and associated procedure, 5.23.1)
ISO 27001 Information Security Management System certification; and
ISO 9001 Quality Management System certification.

I would strongly encourage every issuer to ask their service provider about the effectiveness, consistency, and repeatability of their internal controls. They should ensure this is reflected and supported in their audit reports and is consistent with their own experience. Then, it’s important to consider whether, in totality, the partner meets their expectations and is consistent with the organisation’s objectives. The issuer’s success depends on it.”