Augentius: Helping To Avoid The Spoiling Of Ships

They also serve who only stand and administer. And no-one should overlook the importance of good administration. Ships, remember, can be spoilt for a ha'porth of tar.

So I can well understand why Augentius, the specialist private equity and property fund administrator, is so keen to report that it has obtained a clean SAS70 (Type II) audit opinion on its operations in London, Guernsey and Luxembourg. Augentius achieved a SAS70 Type II audit for its US office last year.

“The fact that an unqualified audit opinion was issued by an independent audit firm, with no exceptions noted in any of the controls across a multitude of offices, is a major achievement and a reflection upon the quality of our systems and operational processes throughout the organisation as a whole,” commented Ian Kelly, chief operating officer (Europe). “We are one of the very few administrators that have achieved a SAS 70 (Type II) specifically for Private Equity and Property fund administration.

“Investors increasingly want to see this level of expertise and capability demonstrated within the administration of the funds that they invest in”, he said. “We strongly believe that this achievement by Augentius will assist our clients in their fundraising activities – giving their investors’ confidence that their funds are being administered to the highest standards.”