Audit readiness for private funds
What auditors ask for, and how to have it ready before they ask.
How do private funds prepare for an audit?
By closing the books cleanly, reconciling capital activity and cash, documenting valuations with methodology and approvals, preparing schedules of investments, fees and allocations, and — ideally — giving auditors read-only access to the ledger so they can trace balances themselves.
Before fieldwork
Lock the year; reconcile every bank account and investor capital account; confirm investment roll-forwards; make sure every valuation has its support attached.
During fieldwork
Direct ledger access saves the most time: auditors sample, trace and request support without waiting for exports.
After
Post audit adjustments, re-issue statements if needed, and record what took longest so next year's close fixes it.
Questions
Does FUN/D give auditors access?
Yes, a read-only role at no charge.
Want to see this on your own fund?
Name and work email. A person replies within one business day, usually with times for a demo on a structure like yours.
Talk to us
Name and work email. We reply within one business day, from a person.
Sent.
Someone from FUN/D will email you within one business day. If it's urgent, call +1-212-658-0862.