Is the accounting section externally audited? What is the control for the information entered?

Every transaction that is recorded in the system needs to have supporting documentation, such as a legal agreement. Firms may also use an external auditor to further verify the date. However most small funds in Delaware often don't do an audit because: 1. The reports generated by the Decile Partners back office team are audit ready via numerous checks and balances 2. audits create a drag on metrics and 3. audits can create a significant opportunity costs for funds under $25m.