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The Cayman Islands Monetary Authority (CIMA) has determined that local auditor sign-off is required on all types of entities regulated by CIMA, including mutual funds and private funds domiciled in the Cayman Islands.
The policy was introduced to allow for more effective discharge of the obligations placed on auditors under the Mutual Funds Act and Private Funds Act and to enable a more efficient interface with the Authority.
At PwC Cayman Islands, we’ve created a dedicated group, the fund referred reporting engagement group, to deal with the requirements pertaining to mutual funds and private funds. Reach out to one of the contacts listed on this page for more information.