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Internal audit for self-managed Alternative Investment Funds (AIFs)

Internal audit for self-managed Alternative Investment Funds (AIFs)

Alternative Investment Fund Managers Directive (AIFMD) new challenges

One of the consequences of the financial crisis has been the unprecedented regulatory pressure on financial institutions. In Luxembourg, the EU Directive on Alternative Investment Fund Managers (AIFMs) has emerged as one of the most challenging new regulations for self-managed AIFs.

The Directive has introduced a specific obligation for self-managed Alternative Investment Funds (AIFs) to adopt a permanent internal audit function, as specified in the application form for self-managed AIFs.

In this context, setting up and maintaining a well-proportioned and efficient internal audit function is vital in order to support all of the organisation’s stakeholders - and more specifically the executives and board members - in fulfilling their increasing responsibilities in terms of governance, risk management and control.

How can Deloitte help you?

At Deloitte, you will find the internal audit management solution that is most suited to your needs.

Your issue Our solution Our strength
Your internal audit is understaffed during ‘crunch time’ During peak periods, gain access to additional qualified staff Flexibility
You do not have the skills required in-house to execute specific internal audits Deloitte has the depth and breadth of resources to bring the right mix of skills Multidisciplinary knowledge
Your internal audit staff lacks the methodology and tools to readily identify and mitigate risk Gain access to proven methodologies and tools to achieve a broader risk perspective Insight
In-house costs are fixed and may be difficult to maintain Only pay for the resources you need and use Cost reduction
Your internal audit staff lacks access to leading practices and automated tools Deloitte leverages the latest benchmarking and analytical tools Tools and methodologies

Our internal audit services for self-managed Alternative Investment Funds (AIFs)

Deloitte offers a full range of internal audit services to self-managed Alternative Investment Funds (AIFs) that help executives and board members not only to better understand and monitor the performance of critical operations but also, and more importantly, to achieve their strategic goals.

The Deloitte approach is based on risks and processes and contributes to significantly improving internal audit effectiveness and added value.

Deloitte’s teams rely on a well-proven, modular approach, tailored to specific needs on a case-by-case basis, to account for the size and specific features of the Alternative Investment Fund Management (AIFM) industry.

Deloitte’s services for AIFs specifically include:

  • Outsourcing or cosourcing of your internal audit
  • Creation and implementation of your internal audit function
  • Optimisation of your internal audit function
  • Internal audit training

Why Deloitte?

Deloitte is recognised as leader in internal audit services. By choosing Deloitte, you will benefit from:

  • Increased coverage and value in the services provided by your internal audit with access to specialists who have highly specialised expertise in internal audit, proven experience in the AIFM industry and in-depth knowledge of the applicable regulations
  • Greater precision in assessing your risks, by being proactive and objective in identifying areas of risk before they become a problem
  • Better control of internal audit expenditure, by only paying for the necessary productive work time. Deloitte’s services allow you to reduce administrative and indirect costs, and to reduce or eliminate training, recruitment and staff retention costs
  • An independent and impartial approach based on analysing objective criteria
  • Appropriate, recognised technologies and methodologies: Deloitte’s internal audit specialists use the very latest methodologies as well as automated processes and tools to analyse your organisation more effectively

Contacts

  • Laurent Berliner
    Partner - EMEA Financial Services Industry Enterprise Risk Services Leader
  • Michael Blaise
    Directeur - Business Risk
  • Jérôme Sosnowski
    Directeur - Business Risk

Learn more

  • Internal audit outsourcing and cosourcing - A flexible solution for self-managed AIFs | Brochure
    The Directive has introduced a specific obligation for self-managed AIFs to adopt a permanent Internal Audit function, as specified in the application form for self-managed AIFs.

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