Applying U.S. Independence Rules to Private Equity Firms & Portfolio Companies

The Dodd-Frank Wall Street Reform and Consumer Protection Act has changed and increased compliance and reporting requirements related to corporate governance, internal controls and auditor independence for registered investment advisors, their private equity fund and related portfolio companies.

Grant Thornton’s newest guide — Applying U.S. Independence Rules to Private Equity and Portfolio Companies — is an essential resource to the management teams of private equity funds and private equity-backed companies that are registered or will register with the SEC.  

This publication includes:

• a list of frequently asked questions;
• definitions of common terms; and
• a quick reference guide to independence rules that helps identify potential conflicts when a non-audit service is being considered by the auditing firm of a registered investment advisor, along with its private equity fund and portfolio companies.