Inspection expense recovery permits costs of records investigations, including auditor fees, to be charged to portfolio managers. Inspection expense recovery permits the Board to recover from a portfolio manager expenses it incurs for the purposes of inspecting or investigating that ... Summary
Inspection expense recovery permits costs of records investigations, including auditor fees, to be charged to portfolio managers.
Inspection expense recovery permits the Board to recover from a portfolio manager expenses it incurs for the purposes of inspecting or investigating that manager's books of account, records and documents. Recoverable costs include, without limitation, auditor fees paid for such inspection or investigation. The portfolio manager bears these expenses where its books, records and documents are examined or investigated by the Board.
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