The Asset Allocation Audit (the "Audit") was developed
more than twenty years ago to monitor large, multi-manager investment
programs. It is a performance audit, not an accounting audit. Although
it does account for all changes in the market value of an investment
fund over any period of time, it does so with decision outcomes
rather than with dividends and interest, gains and losses. The Audit
overlays ordinary financial reporting with productivity reports
that make it a powerful oversight system.
The Audit's software enables the user to create a model of the
entire investment management process. The model compares outcomes
that result from actual decisions with those that would have resulted
if the decisions had never been made. It isolates the dollar impact
of each primary group of decision-makers and summarizes the value
changes attributable to them.
The Audit serves the needs of lead fiduciaries who are responsible
for establishing the primary investment policy and for the oversight
of its implementation. For more than two decades the Audit has served
directors and trustees who are required by law to control their
investment management processes. Institutional investors as diverse
as corporate and public pension funds, unions, college endowments
and charitable foundations have utilized the Audit to improve the
efficiency of their investment management operations.
Subscribers to the Audit's interactive Web site can produce the
reports described herein. To learn more about the Asset Allocation
Audit, view the other sections of this introductory site.
For additional information print the Director's
Monthly article, submit the request
form or contact Mike Stolte at 612-341-3141 or by email: firstname.lastname@example.org.