Working guide for an investment company’s audit committee

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April 2016

Overview

The guide provides audit committee members a source of possible topics and matters to discuss with fund management, service providers and internal and independent auditors. We believe the guide’s best uses are as a “memory jogger” and “thought provoker” to minimize the risk of any considerations or discussions being unintentionally overlooked during audit committee meetings and, conversely, to identify relevant and suitable subjects for discussion.

The working guide presents considerations for audit committees in a number of areas with significance to open- and closed-end funds’ financial statements and their internal controls, as well as matters pertaining to their relationships and communications with management and internal and independent auditors.

The Appendix provides information about certain additional requirements and responsibilities of fund audit committees, management, and/or independent auditors contained in regulations, listing standards of national securities exchanges and associations and auditing standards.

Contact us

Peter Finnerty

Mutual Funds Leader, PwC US

John Griffin

Asset and Wealth Management Governance Co-Leader, PwC US

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