← Glossary
Fund Audit
An independent accounting firm's yearly examination of a fund's financial statements, ending in an opinion on whether they are fairly stated.
Orivade keeps this on the investor's record — linked to the email or document it came from, so the current status is one search away the moment an LP asks.
See also
- Shadow AccountingAn independent, parallel calculation an LP or GP maintains to verify that another party's numbers still describe the same economic reality.
- Valuation PolicyA fund's written method for marking its holdings: which techniques apply, what inputs are used, and who approves the result.
- General Ledger (GL)The fund-level accounting record of capital calls, distributions, fees, and expenses that the fund's financial statements are built from.
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