Increased regulation and corporate governance, coupled with heightened levels of investor concern, has resulted in money management firms experiencing a rise in internal control-related inquiries from clients, auditors, boards, and other interested parties. In response to these inquiries, many leading money management firms have proactively undertaken initiatives aimed to strengthen and formalize their internal control environment.
;http://www.mminst.org/downloads/2008/10/5_29_SAS-70_MMI_FINAL.pdf; Read More;