Fund auditors braced for ‘major shake-up’ – Ignites Europe

Auditors are expecting a “major shake-up” to their existing relationships with asset managers due to new rules coming into effect later this year that will force listed fund houses to rotate auditing firms.[…] The average fee for auditing a fund in Luxembourg is $15,941 (€14,684), according to Fitz Partners. The figure is a fixed cost and is not based on asset size.

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