Hedge Fund Audit Process Update 26 October 2016 – 4:30 pm Marriott Beach Resort

Please join the Cayman Islands Directors Association and our panelists from

KPMG, Ernst & Young, PWC and Deloitte for our upcoming educational event

on “Understanding the Audit Process”.

Topics of interest:

– Audit Planning

• disclosure of audit plans

– Audit engagement letters (Custody Rule 206)

• managing conflicts

– Representation Letters

– Valuation issues

– Dealing with “uncertainties” (FIN 48 and 305(c))

• Audit Independence

– CIMA’s rule for stub audit periods (know as liquidation audits)

• Looking ahead

– Upcoming changes to ISA, US GAAP, IFRS


Date: Wednesday, 26 October, 2016

Time: Registration begins at 4:00 p.m.

Presentation begins at 4:30 p.m. – drinks to follow the presentation

Location: Marriott Beach Resort


The event will be free for CIDA Members. Non-CIDA members are welcome to attend for a fee

of CI$25.

Please RSVP to Sabrina Foster at sabrina.foster@maplesfs.com