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Improving accounting controls beyond your audit

An aerial view of downtown Brooklyn looking toward lower Manhattan
Photo: C. Taylor Crothers/Getty Images

Practical advice for compliance teams when completing essential reviews in adherence with the SEC’s Custody Rule.

In the private fund world, audits are a necessary control to have a third party review your fund’s financial information and validate to your stakeholders that your fund is functioning appropriately. While they are a vital part of compliance health, we often remind clients that reviews of accounting functions don’t

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