Preparing for and participating in an annual external audit is often daunting and time-consuming when performing a GAAP-basis audit, much less adding in the extra steps for a statutory-basis audit under SBA guidelines. Whether your firm is a large fund manager with years of experience with external auditors or an emerging fund manager preparing for the first external audit, the challenges can be similar. This session focuses on tips to help improve the efficiency and accuracy of the audit process. Further, we discuss the latest changes to the SBIC program as a result of the newly effective rule, SBIC Investment Diversification and Growth, and explore how this will impact the audit process, fund managers, and investors.
If you have any questions or need assistance, please reach out to a professional at FORVIS.