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By Pierre-Marie BOUL, Partner, Asset Servicing Leader and Karim BOUASSI, Partner, Technology Risk Consulting, EY Luxembourg
The era of auditors not considering IT risks during audits of alternative investment funds is long gone. Information Technology is an integral part of the audit approach in today’s world, as alternative asset servicers and managers now use IT platforms such as Yardi, Efront, Investran and others to calculate the net asset value (NAV) of alternative products – including at special purpose vehicle (SPV) level.
Revision of the ISA 315: a small revolution for the alternative sector
This shift in the audit approach has been accelerated by the new revision of the International Standards of...
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