November 19, 2009
And will the auditors identify themselves, please....
It is not a new issue for due diligence practitioners to grapple with the challenges of getting the auditors to confirm that they are, in fact, actually the auditor of a hedge fund. The issue for the audit firms is,...
Posted at 07:00 PM in Auditors
October 24, 2009
Agreed Upon Procedures
A number of our recent posts have focused on the challenges of the hedge fund administrator's role in relation to security valuation. We will, of course, return to this topic - but, in the meantime, wanted to focus on some...
Posted at 07:00 PM in Auditors
July 22, 2009
And the auditors work for....
Audit opinions of a hedge fund's financial statements are unlikely to make the New York Times bestseller list. As a result, we can certainly understand if the auditor's fine print is not exactly top of the list for investor attention....
Posted at 07:00 PM in Auditors
January 10, 2009
OK, Mr. Auditor....
The Wall Street Journal published an excellent summary of the challenges faced by hedge funds in 2008 a few days ago (available here.)The key trends are familiar: poor performance; fund closures; "herd mentality" as too many funds chased the same...
Posted at 07:00 PM in Auditors
