Fund Service Providers

Our substantial experience with specialized audit and tax engagements for service providers stems from our wide range of experience with more than 30 fund service providers nationwide and years of experience dealing with complex operational issues facing investment companies.

Services

We provide three main areas of service to fund service providers:

SSAE 16 Engagements

Statement on Standards for Attest Engagements 16, Reporting on Controls at a Service Organization, is an attestation standard providing guidance to enable an independent auditor to issue an opinion on a service organization’s internal controls. The SSAE 16 audit report is critical to a service provider’s credibility. We have specialized expertise in this area, including fund accounting, transfer agency and custody functions. We provide:

  • Readiness Assessments
  • Type I Audits
  • Type II Audits

Agreed-upon Procedures

This value-add engagement is meant to provide attest services while still incorporating flexibility as to the terms and scope of the procedures performed, as driven by the needs and ultimate goals of the service provider. Agreed-upon procedures are best used as a tool for special projects where additional assurance is desired, related to topics such as:

  • Verification of advisor-provided detail
  • Control testing on business lines or departments outside of the SSAE 16 report
  • Compliance testing related to the implementation or monitoring of a particular regulatory development

Tax Planning and Compliance

Our tax practitioners are at the top of the industry and deliver a full range of tax services. In addition to a high level of industry sophistication and technical depth, we go above and beyond in the area of client service. A few of the areas we focus on include:

  • Consulting on specific tax issues
  • Compliance review
  • Preparation of 855 schedules
  • ASC 740 documentation