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News Release

London

JLL provides its clients with independent controls assurance reporting for seventh year


​The specialist Property & Asset Management (PAM) division of JLL has secured a clean and unqualified third party controls assurance report for the seventh consecutive year.

The ISAE 3402 "Assurance Reports on Controls at a Service Organization" - gives customers and service users assurance about an organisation's internal controls, and is seen as a key differentiator in the property and financial services sector.

Nick Lees, Lead Director - UK Property & Asset Management at JLL also said: "ISAE 3402 reporting provides our clients with a view on the key controls we put in place over the financial systems and processes supporting the management of their properties. We believe that this underlines our commitment to ensure that the properties we are instructed to manage are in safe hands and that key risks are monitored and mitigated.  We are confident that our approach adds real value to our clients in the ever complex and demanding real estate environment"

Vona Ezichi, Compliance Director, UK Property & Asset Management at JLL, said: "As managing agents, we perform an important role in the successful management of our clients' portfolios and relationships with their tenants and our clients rely on us to have effective systems and controls over property management, facilities and tenant management, financial management and credit control, and to proactively manage their portfolio in line with best practice.

"Each year we produce an ISAE 3402 report that details the key controls operated in our Property & Asset Management (PAM) business, and this is the seventh year in succession where we have invested resources in obtaining that from our service auditors, KPMG."

Introduced in 2011, the International Standard for Assurance Engagements 3402 was developed by the IAASB (International Auditing and Assurance Standards Board) and is supported by the IFAC (International Federation of Accountants), putting greater emphasis on procedures for the ongoing monitoring and evaluation of controls than its predecessor, the SAS70 (Statement on Auditing Standards).