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Is the accounting section externally audited? What is the control for the information entered?

1 See in Base
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Every transaction that is recorded in the system needs to have supporting documentation, such as a legal agreement. Firms may also use an external auditor to further verify the date. However most small funds in Delaware often don't do an audit because: 1. The reports generated by the Decile Partners back office team are audit ready via numerous checks and balances 2. audits create a drag on metrics and 3. audits can create a significant opportunity costs for funds under $25m.
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Thanks Mike - this is very helpful. Could you please provide further information on the checks conducted by Decile Partners?
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Think of it as the same info that an auditor would require: Signed Investment agreements, cap-table, wire compliance, fund-expense receipts etc.. This way, should an audit be necessary in the future, the firm would have no trouble passing it.

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