Fund lifecycle and operations

Auditor

An auditor is an independent accounting firm engaged to audit a fund’s financial statements. Ask whether the fund gets annual audited statements and who performs the audit, and if it doesn’t, ask why. Requirements and exceptions vary.

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Knowing the language helps you follow the conversation. Knowing what to ask is how you participate in it.

Understanding the terms is a first step. The Aligned Capital Program uses them to teach you how to evaluate a fund and prepare the questions to ask its manager.

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