In our experience, there are many instances where a Family Office client may benefit from a review for a number of reasons:
Family Office Audit
- The Family Office is considering moving its head office or setting one up in a new jurisdiction
- The Family Office has received inappropriate advice from a third party and needs to resolve latent issues
- Key personnel have left and the principal requires specific guidance
- The Family Office principal would simply like a review to ensure that everything is running smoothly
- Implementing strategic tax planning across jurisdictions and asset classes
- Providing peace of mind and ensuring compliance with tax obligations
We would always agree the remit of any Family Office Audit with the client first. Given our experience of working in, and running, family offices we would be able to review the functionality of the family office against the objectives of the principal