|Risk management is a key part of CDS's mission statement. Individual business unit managers have primary responsibility for identifying and managing risk. Head office support functions, including Risk Management and Compliance, Information Security Technology and Internal Audit, provide support and ensure that senior management and the board of directors are apprised of significant risks and the mitigation processes and mechanisms in place to manage them. CDS's loss record is exemplary due to its sound risk management and solid internal controls.
CDS is subject to an annual statutory financial audit as well as continuous audit of its depository and clearing services control systems. A major national firm of independent auditors conducts these audits according to plans approved by the Risk/Audit committee of the board, which meets at least quarterly.