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    <title>Systems Audit of Mutual Funds</title>
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    <description>Mutual funds must commission a systems audit by an independent CISA/CISM qualified or equivalent auditor covering front office/back office integration, fund accounting and NAV calculation systems, financial accounting and reporting, unit holder administration and servicing, funds flow processes, systems for regulatory compliance and prudential investment limits, and access controls; audits are to be conducted biennially, placed before trustees and the audit report with trustee comments submitted to the regulator.</description>
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