Auditor appointment empowers scrutiny of portfolio managers' accounts and affairs, with inspection powers and corresponding compliance obligations. The Board may appoint a qualified auditor, in addition to an inspecting authority, to inspect or investigate a portfolio manager's books of account or ... Summary
Auditor appointment empowers scrutiny of portfolio managers' accounts and affairs, with inspection powers and corresponding compliance obligations.
The Board may appoint a qualified auditor, in addition to an inspecting authority, to inspect or investigate a portfolio manager's books of account or affairs. The appointed auditor exercises the powers of the inspecting authority, and the portfolio manager must comply with the applicable inspection-related obligations.
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