In fund accounting, robust audit practices are essential for maintaining transparency, compliance, and stakeholder trust. Audits serve as more than regulatory obligations; they are strategic tools that safeguard financial integrity and build confidence among investors and regulators. Effective preparation, including thorough pre-audit reviews and strong internal controls, ensures a smooth audit process, while fostering collaboration between internal teams and external auditors enhances efficiency and accuracy. By focusing on detailed review processes and actionable insights, organizations can use audits to drive operational improvements and maintain regulatory compliance. As the industry evolves, adopting innovative and rigorous audit frameworks will be key to ensuring long-term success in fund management.

Elizabeth M. Troll is a seasoned executive with over 42 years of global leadership in quality assurance, regulatory compliance, and governance within the pharmaceutical, biopharmaceutical, and healthcare industries. Renowned for her expertise in Quality Management Systems (QMS), vendor oversight, inspection readiness, and leadership development, Liz has played a pivotal role in shaping compliance frameworks that align regulatory standards with business efficiency. She has led quality and compliance initiatives at Endpoint Clinical, Novan Inc., QuintilesIMS, and Otsuka, driving strategic improvements and fostering a culture of operational excellence. A dynamic speaker and mentor, Liz is passionate about developing future leaders, advancing industry best practices, and supporting organizations in achieving regulatory success. With a strong commitment to integrity, respect, and continuous improvement, she seeks to leverage her expertise through board service and advisory roles, helping companies navigate complex regulatory landscapes and drive sustainable growth.