• Surprise Examinations for Registered Investment Advisors

    With the increasing exposure to risk and fraud for investors, the regulatory environment has become more complex for Registered Investment Advisors (RIAs). RIAs are increasingly required to comply with new state and federal laws designed to protect investors such as recently approved amendments to Rule 206(4)-2 (the “Custody Rule”) under the Investment Advisors Act of 1940 by the Securities & Exchange Commission (SEC). This Rule requires RIAs with “custody” of client assets to have an independent accountant conduct an annual surprise examination. The firm conducting the examination must be registered with the Public Company Accounting Oversight Board (“PCAOB”).

    Patke & Associates is inspected by and registered with the PCAOB. Our auditing team has the experience and knowledge to conduct efficient, in-depth Surprise Examinations. Our level of specialization and efficiency allows us to offer an attractive, cost effective solution to RIAs.

    Our RIA Surprise Custody Examination Services Include :
    • Annual Surprise Examinations & Verification
    • Audits of Financial Statement as Required by State & Federal Regulations
    • Independent Review of Procedures
    • Review & Preparation of Performance Records
    • Internal Control Reporting
    • Why choose Patke?

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