NAV Review & Service Provider Oversight
Expert shadowing of your NAV calculations and independent review of the work performed by your service providers, so you can sign off with confidence.
Independent oversight of your outsourced operations
Outsourcing administration does not outsource accountability. Responsible entities, trustees and fund managers remain responsible for the accuracy of unit prices, fees, tax outcomes and reporting produced by their service providers.
XCHEQER provides expert shadowing of your NAV calculations and performs service provider review functions on your behalf. We review the outputs of your administrator, identify exceptions and help you resolve them before they affect investors.
With experience on both the investment manager and service provider sides, we know where errors tend to occur and what good oversight looks like.
Our oversight and review services
Entrust your service provider oversight to XCHEQER. We handle the detailed review so your team can focus on the outcomes.
Unit Price Review and Sign-Off
Unit prices and the underlying NAV are reviewed against independent expectations, with variances investigated before sign-off.
Fee Calculation Checks
Management fees, expense recoveries and performance fees are recalculated and checked against fund documents and agreements.
ICR/MER Review
Indirect cost ratios and management expense ratios are reviewed for accuracy and consistency with disclosed fees and costs.
BAS Calculation Review and Sign-Off
BAS calculations prepared by your provider are reviewed, including GST and reduced input tax credit treatment, before lodgement.
Income Tax and Distribution Review
Distribution calculations, components and income tax outcomes are reviewed to support accurate investor tax statements.
Service Provider Review
We assess how your providers are performing, escalate issues and help you hold them to agreed service standards.
Our oversight approach
A structured review framework, tailored to your funds and providers.
Understand your funds
We review fund documents, pricing policies, fee terms and the scope of your providers’ services.
Build the review framework
Independent checks, tolerances and sign-off steps are agreed with your team.
Shadow and review
NAVs, fees, BAS and distributions are shadowed and reviewed in line with the agreed timetable.
Escalate and report
Exceptions are raised with providers, resolved and documented in regular oversight reporting.
Confidence in every number you sign off
Independent review strengthens governance and gives your board, compliance team and investors confidence that outsourced functions are being performed correctly.
Early detection of errors
Issues are identified and resolved before they flow into unit prices, distributions or investor reporting.
Stronger governance
A documented review and sign-off process supports your oversight responsibilities.
Reduced internal workload
Specialist reviewers handle the detail, freeing your team for higher-value work.
Better provider relationships
Clear, evidence-based feedback helps your providers improve and resolve issues faster.
Oversight from people who have done the work
Because we provide administration and accounting services ourselves, we know the processes behind the numbers we review.
- Hands-on experience across administration, accounting and tax
- A practical, risk-focused review approach
- Clear documentation to support your governance
- Independent perspective on provider performance
- Tools such as TAXXA for efficient distribution review
Related Services
XCHEQER’s services are designed to work together, giving you a single, consistent operating partner across your fund operations.
Fund Administration
Full fund administration including NAV and unit pricing.
Fund Accounting & Tax Services
Fund accounting, fee calculations, distributions and BAS lodgement.
Middle Office Services
Trade confirmation, reconciliation, risk and performance reporting.
Strengthen your service provider oversight
Talk to XCHEQER about independent NAV review and oversight tailored to your funds and providers.