During the last few years, sweeping financial regulation in the U.S. and reform in Europe have brought a new level of regulatory supervision to the industry. As a result, compliance processes are evolving, with a wide range in operational maturity among firms. Increasing investor demands are changing the nature of fund operations, revenue models and investor relations.
In light of these industry changes, KPMG wanted to identify how Internal Audit can assist organisations in adapting and evolving. We spoke with chief audit executives at private equity firms, listened to internal audit executives at our share forums, and gained insights from KPMG's professionals who work with private equity firms.