Mumbai, Tuesday, 09 May 2023: Shoonya, the leading zero-brokerage trading platform, today announced the appointment of one of the renowned Big 4 firms as its independent external auditor. The audit is to review the impact on the trading platform, from the technical issue on 13th April 2023. Shoonya also conducted an internal audit and mock trading sessions to ensure normalcy from the next trading session.
The company’s move to appoint this audit firm purely aims to reinforce transparency, accountability, and customer confidence in Shoonya’s trading platform. The audit firm will conduct a comprehensive assessment of Shoonya’s trading platform, analysing its infrastructure, security measures, operational procedures, and risk management practices. The audit process will provide an independent evaluation, reinforcing Shoonya’s dedication to adhere to industry standards and regulatory requirements.
Mr. Sarvjeet Virk, Co-founder & MD, Finvasia, said, “Appointing one of the Big 4 firms as the independent auditor underlines our commitment to transparency and customer trust. The unbiased and rigorous evaluation of our systems, processes, and controls will ensure that we continue to meet the highest industry standards for technology, ethics and the customer-first ideology. By leveraging the firm’s expertise, we are confident in enhancing our platform’s performance and ensuring an exceptional trading experience for our valued customers.”
As an industry leader, Shoonya recognizes the importance of maintaining the highest standards of integrity and security for its customers. The appointment of an independent external auditor demonstrates Shoonya’s commitment to providing customers with a trusted and dependable trading experience, especially when it is not mandated by regulators.
