Fund Accounting Process Audit Report

This sample report highlights the controls related to an organization’s fund accounting process.

Our approach for this review includes interviewing key personnel to understand and evaluate the process of ensuring that expenses are allocated appropriately to the funds per the respective prospectus, identifying and evaluating the integrity of reports utilized by the fund accounting department to make financial reporting decisions, confirming that management has adequate procedures to ensure that vendor controls are in place and are operating appropriately for service providers, and identifying the controls surrounding the interface of information through the company.