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2019 audit committee outlook for asset management

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Woman trading stocksThe asset management industry regularly faces challenges such as macroeconomic pressures, shifting compliance burdens and ongoing regulatory uncertainty. This year, the implementation of tax reform is challenging directors who serve on audit committees for asset management firms to be more engaged than ever before. Additionally, 2019 presents new challenges due to the recent publication of the SEC’s Office of Compliance Inspections and Examinations 2019 Examination Priorities.

Grant Thornton’s audit committee outlook for asset management companies is intended to help you learn more about developments related to your role.

Our audit committee outlook takes a look at numerous topics, with a focus on how you can better understand them and take action. For example, over the past year various parts of tax reform — including opportunity zones — have been enacted. New guidance from the AICPA is designed to help you interpret and apply existing fair value concepts specifically targeted to the complexities experienced by investment companies in valuing portfolio investments. And emerging technologies have taken hold and are available for your use.

Download our 2019 Asset Management Audit Committee Outlook to understand how recent and near-future developments will impact corporate financial reporting and disclosure.