FOR IMMEDIATE RELEASE: Theorem Fund Services completes its SOC-1 Type I audit of Operations and Internal Controls
CHICAGO, December 18, 2017 // — Theorem Fund Services, a leading independent hedge fund administration firm, announced the completion of the Company’s SOC-1 Type I audit examination. This independent audit represents the complete examination of Theorem’s operations and internal controls by Wipfli, a leading public accounting firm, with zero noted exceptions. Theorem’s examination was conducted in accordance with standards established by the American Institute of Certified Public Accountants.
“We view the SOC-1 examination as a validation of our efforts to always invest in our platform and to maintain Best-in-class operations and infrastructure. Our clients and client prospects should expect nothing less”, remarked Theorem’s Co-Managing Partner Mikhail Davidyan. “The SOC-1 is an extremely thorough audit standard and we view the examination as essential to support our diverse and rapidly growing client base” added Stephen Giannone, Theorem’s Co-Managing Partner.
More information on Service Organization Control (SOC) Reporting is available from the American Institute of CPAs, https://www.aicpa.org/interestareas/frc/assuranceadvisoryservices/aicpasoc1report.html
Theorem Fund Services is a multi-service fund administrator which offers a unique turn-key solution to investment managers that combines institutional-level technology with strong industry experience and a deep understanding of our clients’ needs and goals.
We were founded on the belief that traditional fund administration platforms need to evolve into a much more comprehensive multi-service offering. This enables an investment manager to maximize their service delivery by
dramatically increasing fee efficiency and scalability. At Theorem, traditional core services of fund administration and investor reporting are uniquely and seamlessly packaged with a comprehensive tax solutions offering for both the fund and the investment manager.
At Theorem, we understand that our success depends entirely on the success of our clients and our ability to develop long-term client relationships that fully support our clients in their work. We are committed to partnering with our clients to ensure they receive the very best value combined with the highest quality service at the best price.
With more than 2,000 associates, 50 offices in the United States and two offices in India, Wipfli ranks among the top 20 accounting and business consulting firms in the nation. For over 87 years, Wipfli has provided private and publicly held companies with industry-focused assurance, accounting, tax, and consulting services to help clients overcome their business challenges today and plan for tomorrow.
The firm’s clients include manufacturers, dealerships, construction companies, real estate companies, health care organizations, financial institutions, nonprofit organizations, private equity firms, agricultural businesses, units of government, and individuals. Wipfli places a particular focus on specific industries and members of many of Wipfli’s industry-focused teams meet regularly to discuss best practices and industry issues and updates. These meetings ensure our associates continue to provide clients with exceptional expertise and service.
Through the firm’s membership in Allinial Global, Wipfli can provide efficient, cost-effective and comprehensive services to every client regardless of size or location.