Auditing and Accounting Services
All Irish domiciled investment funds are required to submit audited financial statements to the Central Bank within four months of the year-end.
As such, an auditor's signature on the annual financial statements of investment funds is a regulatory requirement. What is not a regulatory requirement - but part of every audit - is the business intelligence that the accounting firms bring as part of the audit process. Advice can be provided on how to address the challenges and opportunities that are identified through the audit process.
Dublin funds are served by all of the major international accounting and auditing firms. All of these firms have invested heavily in resources and technology to expedite quality auditing in a specialised area and use their global networks to ensure that the Irish funds industry keeps pace with all international trends and developments.
The audit and accounting firms help their investment fund clients to solve complex business problems by providing assurance and risk solutions that reasonably enhance their ability to build value and improve performance.
As well as providing audit services, the accounting firms involved in servicing the funds industry in Ireland provide a range of other services including:
- Advice on product design and structuring;
- Advice on distribution methodologies and strategies;
- Taxation services;
- Internal controls reporting including SAS 70 and FRAG21 Reports;
- General consulting assistance;
- Training courses for the funds industry;
- Advice on Generally Accepted Accounting Practice;
- E-business and Internet Solutions;
- Internal audit; and
- Performance measurement and attribution consulting and verification.
