10. Auditors An EIF must have an annual audit of its financial statements performed by an Auditor registered under the Gibraltar Audit Registration Board. The audit should be conducted in accordance with internationally recognised audit and accounting standards. The financial statement period would be for 12 months unless it was the first financial statement or a change to the period. In this case the period would be no longer than 18 months. Most, if not all of the world’s leading Auditors have a presence in Gibraltar.
11. Fund Administration The administration of an EIF must be performed by a Gibraltar resident authorised collective investment scheme administrator. The typical services that a Fund Administrator would perform consist of the following key areas: •
Fund accounting;
•
Registrar, transfer agency and client services;
•
Financial accounting; and
•
Compliance.
Gibraltar: The Experienced Investor Fund
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