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Private Equity Accountants and Auditors

History

Accountants and auditors are instrumental to the success of any business, including those in the private equity sector. Demand has grown for accounting and auditing professionals since 2010, when Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. The legislation requires all PE firms with more than $150 million in assets under management to register with the Securities & Exchange Commission (SEC) and to hire a chief compliance officer to create and monitor a compliance program, disclose more information about investor agreements, and submit to regular SEC inspections, among other rules. The passage of Dodd-Frank, as well as growing pressure by PE investors for financial transparency, have prompted PE firms to tighten their accounting standards, prompting more opportunities for accountants and auditors.