EisnerAmper US (Cayman) Ltd.

Providing Local Audit Sign-Off Services Under the Cayman Islands Mutual Funds Law

EisnerAmper US (Cayman) Ltd. - A Division of EisnerAmper

The Cayman Island Monetary Authority (CIMA) requires entities registered under the Mutual Funds Law to have their annual financial statement audit certified by an approved local auditor, such as EisnerAmper US (Cayman) Ltd. This policy is designed to ensure effective discharge of the auditors’ obligations under the Mutual Funds Law and to enable effective communications with CIMA.

EisnerAmper US (Cayman) Ltd. was established to provide EisnerAmper clients with the premium level services they expect from us. Through this local affiliation, we are able to provide the CIMA required sign-off on audits, as well as other local services.

EisnerAmper US (Cayman) Ltd. is a division of EisnerAmper. The EisnerAmper Financial Services Group provides a full range of services including:

• Expertise in fund structures, accounting and taxation
• Audits of financial statements
• Tax planning, preparation, and regulatory compliance

Fund Offsetting Net

The International Accounting Standards Board and the Financial Accounting Standards Board are soldiering on in joint deliberations in an effort to clarify actions required when there is netting on the balance sheet or when there is the ability to net under an enforceable master netting arrangement or similar agreement.

Fund Investment Entity

A summary comparison of convergence between International Financial Reporting Standards and US Generally Accepted Accounting Principles as they relate to an investment entity/company.