More NewsErnst & Young to Carry Out Independent Testing For BASDA EMU Accreditation

Ernst & Young to Carry Out Independent Testing For BASDA EMU Accreditation

Work is expected to start by the end of October on testing EMU compliance for multi-currency conversion and triangulation against the BASDA EMU Advanced Accreditation Checklist and the BASDA EMU Specification. ‘The first stage of the BASDA EMU Accreditation will cover multicurrency functionality, the quality of documentation and an assessment of the development organisation. It will not provide an opinion on the base currency conversion utility, country specific requirements or the overall reliability or continuity of the software,’ explained Nico Huizing, a Partner at Moret Ernst & Young in Utrecht The Netherlands, who will be handling the testing. ‘If there is sufficient demand, we hope to provide a second stage accreditation which includes the base currency conversion routines and national legislation if and when the necessary legislation has been passed by all the eleven states which will be joining EMU on 1st January 1999. At present, the software suppliers cannot complete work on those elements of the software because the regulations have not yet been finalised.’

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

2m The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

5m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

6m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

6m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

6m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

7m Tasja Botha