1

Asked by

Emmanuel Korlewala

on

in

General VC Questions

Are annual reports audited internally or do LPs hire a third party?

1 See in Base
0

Answered by

Haw Kuo

on

Generally speaking, Limited Partners do not hire auditors. If a Fund, due to its own decision, or at the behest of its Limited Partners, decides to be audited, the auditor will be a third-party one by definition. An internal audit, while a good idea periodically, would not typically count as an actual third-party audit. 

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