Definition: An objective review of financial data, processes, or calculations performed by an independent party to confirm their accuracy, completeness, and reliability.
Example: An example of independent validation is the Valuation Control Group (VCG), an independent function within financial institutions responsible for ensuring the fair valuation of risk portfolios, particularly OTC derivatives and complex, illiquid assets.
Explore IVP Shadow Accounting Services
IVP Shadow Accounting Services provide independent validation of key fund accounting data, including portfolio positions, transactions, and NAV calculations. This allows buy-side firms to identify discrepancies earlier and maintain greater control over financial reporting. The service enables hedge funds and asset managers to outsource full or partial accounting functions, improving operational efficiency and scalability while supporting a variety of fund structures and accounting platforms.
