Audit services for private equity firms

Tackling today’s auditing, financial and reporting challenges

Private equity firms – both their funds and portfolio companies – are being impacted by the multitude of changes to the infancial and reporting environment. With growing complexities in general and specifically for private equity, it is critical that you have clarity on how to interpret and implement these accounting changes.

We approach our audit offerings as a service for the benefit of all of your organization's stakeholders. Our audit services are designed to ensure quality, clarity and efficiency in financial reporting and enhance and simplify your financial functions.

Audit services for private equity funds

  • Fund organization and structuring
  • Valuations and FAS 157/ASC 820
  • Management fees, including deferrals and waivers
  • Income, loss and carried interest allocations
  • Distribution computations
  • Internal rate of return (IRR) computations
  • Financial statement preparation and disclosures
  • Specialized private equity services for SBICs and BDCs
  • Custody audits

Audit services for private equity portfolio companies

  • Annual audit
  • Global audit management
  • Complete audit of “closing balance sheet” prior to acquisition
  • Complete audit of “opening balance sheet” and audit procedures for the next year-end audit
  • Accounting assistance including acquisition accounting, lease accounting, variable Interest Entities (VIE), share-based compensation arrangements (ASC 718)
  • Working capital services
  • Covenant negative assurance reviews
  • Inventory observations

Private equity insights


The Automation Opportunity in Private Equity

Private equity firms are increasingly helping their portfolio companies automate tasks that were once manual and expensive. Watch and learn.


D.C. eliminates terminating business exclusion for UBT

Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.

  • Michael Wanroy, David Brunori


Tax Court holds improperly documented management fees not deductible

Management fees paid to shareholders not made purely for services and unreasonable in amount are not deductible under section 162.

  • Nick Gruidl, Sarah Lieberman, Eric Brauer


Nine research and development tax credit myths costing you money

Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.

  • Tom Windram


Driving value creation through data analytics

Smart and effective use of data and analytics helps improve business performance, cut costs, and maximize profits.


To discuss how our team can help you solve your issues and address your business concerns, contact us by phone 800.274.3978 or submit your questions, comments or proposal requests.