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Auditor view
Insights for the investment community from
assurance professionals
Asset management
Paula Smith
paula.e.x.smith@uk.pwc.com
Valuation
Revenue recognition
Asset managers typically have complex fee
arrangements in place including rebates,
trail commissions, upfront commissions
and performance fees arrangements.
Auditors need to carefully consider that the
revenues recognised by Asset Managers are
in line with the underlying fee
arrangements.
Alex Bertolotti
Alex.bertolotti@uk.pwc.com
Goodwill impairment
Impairment of goodwill will be an area of
focus for auditors this year end. Among the
issues that auditors will be considering are:
Industry metrics
The focus of this Auditor view is on the
key judgements that auditors make when
assessing managements financial
statements; but it is equally important to
highlight some of the areas of interest to
investors that are not audited, for example
assets under management which is often
used as a key metric in the sector.
This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. It does not take into account any objectives, financial
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