Need for audit seen as essential

collage-retro-stamp-sheet-background

The quality and usefulness of audits for funds was thrown into stark relief with the revelation that the Madoff fraud was partially concealed by the lack of a rigorous review of the company’s accounts. Whether funds are regulated or not, most investors expect at least a yearly audit of the fund by a reputable accounting firm.

Anthony Pace and Noel Mizzi at KPMG in Malta think the reason behind audits can be traced back to the product itself. They think the need for an audit is driven by the need

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here