Strategy Examination

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Designed to bring credibility to the historical track record for a specific strategy, Strategy Examination engagements are designed to examine your adherence to disclosed methodologies for the calculation of investment performance results. Such an opinion will be issued as an Independent Accountant’s Report.

The Ashland Advantage is a client service model that provides value and perspective to your organization. We bring superior technical capabilities and knowledge to ensure our clients have a satisfying customer experience.

What does a strategy examination test?

Minimum Strategy Examination procedures include, but not limited to, the examination of the books and records as they relate to strategy performance calculations.

  • Review of firm policies and procedures for the calculation of investment performance.
  • Tests to ensure that appropriate accounts have been included in the strategy/strategies in accordance with the firm’s policies and procedures.
  • Tests of the computation of the strategy/strategies in accordance with the prescribed methodology, including market value weighting of strategy returns.
  • Tests on individual portfolios, to ensure that returns are calculated in accordance with the firm’s policies and procedures.
  • Review of any benchmark results and other information to be included in the schedules or notes to schedules.
  • Review of selected disclosure presentations and/or other presentation materials for adherence to industry accepted practice of disclosure and presentation.

Whether you are a veteran to performance calculations, or you are calculating performance for the first time, Ashland Partners is here to guide you and your firm through the process.


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