As regulations continue to evolve, registered advisers to private funds are now required to provide quarterly statements to investors, obtain annual audits for the funds they advise, and secure fairness or valuation opinions for adviser-led secondary transactions. Private funds previously subject to surprise exams must now prepare for annual audits to meet this new requirement. Our comprehensive audit solutions not only meet these regulatory demands but also ensure alignment with the audit provision in the custody rule of the Investment Advisers Act of 1940.

At Pipara, we specialize in navigating these regulatory changes, offering tailored audit services to ensure compliance, transparency, and the integrity of investment practices.