Cayman Islands: Audit

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Welcome to the Mondaq Audit Law homepage, here you will find thought leadership articles, podcasts, videos and webinars covering topics including accounting and audit law and insights.

Planning Now For A 2026 Year-End Voluntary Liquidation

Cayman Islands companies and investment funds planning a year-end voluntary liquidation must navigate strict statutory timelines and regulatory requirements that begin months before December 31st. Missing critical deadlines can trigger an additional year of government fees, CIMA charges, and potentially unintended audit obligations. This guide outlines the essential planning dates, sequencing requirements for CIMA-regulated funds, and the coordination needed between deregistration and dissolution processes.

Cayman Islands Commercial

SH

Stuarts Law

CIMA’S New AML Audit Rules Effective 18 September 2026 And What Investment Funds Need To Know

The Cayman Islands Monetary Authority has introduced sweeping changes to anti-money laundering audit requirements for investment funds, mandating independent audits of entire compliance programmes by September 2026. This marks a fundamental departure from previous practice where internal AML officers could conduct their own testing, raising critical questions about implementation timelines, qualified auditor availability, and compliance costs for funds operating in the jurisdiction.

Cayman Islands Wealth Mgt

DE

Dillon Eustace

Cayman Fund Compliance For Managers

Cayman Islands investment funds face a complex web of annual compliance obligations that extend far beyond the traditional 30 June deadline. From January fee payments through mid-year audit filings to summer tax reporting requirements, fund operators must coordinate multiple stakeholders and overlapping workstreams to avoid last-minute pressures. Understanding how to structure an effective compliance calendar can transform regulatory obligations from reactive crisis management into proactive operational eff

Cayman Islands Finance

SH

Stuarts Law

Cayman Islands Liquidations: 2025 Year-End Deadlines

Year-end deadlines and considerations for voluntary liquidation of a company based in the Cayman Islands.

Cayman Islands Accounting

MG

Maples Group

Navigating CIMA Audit Requirements For A Cayman Regulated Fund

Cayman Islands Finance

A

Appleby

Obligation For Independent AML Audits Under The Anti Money Laundering Regulations – What You Need To Know

Cayman Islands Government

W

Walkers

How To Prepare For End-Year Cayman Islands Liquidations

Cayman Islands Finance

MG

Maples Group

New Corporate Governance Framework For Cayman Managers And Funds

Cayman Islands Commercial

CO

Carey Olsen

Internal Controls For Cayman Regulated Entities

Cayman Islands Wealth Mgt

DE

Dillon Eustace

The Regulatory 15/15: CIMA AML Surveys, DITC FI Registration Audit, AEOI Reminders, SIBA PR Inspections And FAR Deadline (Podcast)

Cayman Islands Finance

MG

Maples Group

Securities Investment Business Regsitered Person Compliance, Documentation And Audits, FAQs

Cayman Islands Commercial

O

Ogier

CIMA Publishes Revised Regulatory Procedures For The Deregistration Of Cayman Islands Regulated Funds

Cayman Islands Finance

O

Ogier

AML/CFT Independent Audits For Entities Regulated In The Cayman Islands

Cayman Islands Government

CC

Collas Crill

United States Partnership Representative Requirements

W

Walkers

Cayman Islands New AML Rule And New Sanctions Rule - Practical Guide For Investment Funds

Cayman Islands Finance

W

Walkers

Eightpoint Technologies Marks Eight Years In Cayman Enterprise City With Further Investment In Signal House

Cayman Islands Commercial

CE

Cayman Enterprise City

Roundtable: Cayman Islands Structures And Sharia-Compliant Investments

Cayman Islands Finance

MG

Maples Group

CIMA Finalises New Rules On AML / CFT / CPF Compliance And Financial Sanctions In The Cayman Islands

Cayman Islands Government

MG

Maples Group

New CIMA Rules On AML/CFT/CPF Compliance And Financial Sanctions Issued In The Cayman Islands

Cayman Islands Government

A

Appleby

Termination Of Mutual Funds On Or Prior To 31 December 2020 And Extension Of Audit Filings For Mutual Funds With Financial Year End 30 June 2020

Pursuant to the Cayman Islands Monetary Authority ("CIMA") notices issued on 14 December 2020 (found here) and 11 December 2020 (found here) respectively, CIMA has advised the following...

Cayman Islands Finance

W

Walkers

Introduction Of Registration Regime For Closed-Ended Funds

This advisory is based on the Bill as published, and many of the practical details of the regime it introduces will need to be confirmed in due course in regulations and guidance.

Cayman Islands Finance

W

Walkers

Cayman Islands Mutual Funds (Amendment) Bill, 2020

A Section 4(4) fund will not, however, be required to file an offering document (or any amendments) with CIMA.

Cayman Islands Finance

MG

Maples Group

The Value of Specialised Financial Statement Preparation for Alternative Investment Funds

It can be a highly useful exercise to examine any identifiable challenges in the annual reporting process.

Cayman Islands Finance

MG

Maples Group

US Partnership Representative Requirements

Cayman Islands Finance

W

Walkers

Cayman Islands Monetary Authority Notice – Excluded Persons AML/CFT Obligations And Requirements For AML Audit

Cayman Islands Government

DE

Dillon Eustace

Anti-Money Laundering Audits Required For Securities Investment Business Excluded Persons

Cayman Islands Government

C

Conyers

Cayman Islands Court Of Appeal Overturns Antisuit Injunction In Favour Of Argyle Funds SPC Inc

Cayman Islands Accounting

O

Ogier

Corporate Legislative Update - Ireland

Cayman Islands Accounting

MG

Maples Group

Cayman Islands Court Of Appeal Rules On Restraint Of Foreign Claims Against Third Parties

Cayman Islands Litigation

C

Campbells

Voluntary Liquidations – Advance Preparation To Minimize Or Avoid 2018 Fees

Cayman Islands Commercial

DG

DMS Governance Ltd

CIIPA: The Changing Face Of Accountancy

Cayman Islands Accounting

CF

Cayman Finance

Updated Policy On Audit Waivers For Cayman Funds

Cayman Islands Finance

H

Harneys

Welcome Changes To CIMA's Policy On Audit Exemptions: Fast Action Required

Cayman Islands Wealth Mgt

A

Appleby

Voluntary Liquidations – Advance Preparation To Minimize Or Avoid 2018 Fees

This DMS Advisory reminds investment funds stakeholders of impending deadlines to be met...

Cayman Islands Commercial

DG

DMS Governance Ltd

CIIPA: The Changing Face Of Accountancy

Sheree Ebanks explains how the Cayman Islands Institute of Professional Accountants has evolved since its inception.

Cayman Islands Accounting

CF

Cayman Finance

Updated Policy On Audit Waivers For Cayman Funds

Following industry consultation in early 2016, the Cayman Islands Monetary Authority (CIMA) has published an updated policy on exemptions from the annual audit requirement for regulated Cayman Islands investment funds (the Policy).

Cayman Islands Finance

H

Harneys

Welcome Changes To CIMA's Policy On Audit Exemptions: Fast Action Required

In October 2015, the Cayman Islands Monetary Authority (CIMA) announced its policy with respect to audits of stub periods in the context of mutual funds.

Cayman Islands Wealth Mgt

A

Appleby

Termination Of Cayman Vehicles - Act Quickly To Avoid 2016 Annual Fees And Audit Expenses

Cayman Islands Wealth Mgt

O

Ogier

Mutual Funds Local Audit Sign-Off

Since 1 July 2002, the Cayman Islands' Monetary Authority ("CIMA") has required local audit sign-off on all mutual funds and mutual fund administrators regulated by CIMA.

Cayman Islands Wealth Mgt

W

Walkers

U.S. Courts Again Address The Recognition Of Cayman Mutual Fund Insolvency Proceedings

Following the 2006 decision of Judge Drain of the U.S. Bankruptcy Court for the Southern District of New York in the case of In re SPhinX Ltd., et al, ("SPhinX"), there was justifiable cause for concern amongst Cayman Islands-based insolvency practitioners with respect to the recognition of Cayman mutual fund liquidations in the U.S.

Cayman Islands Wealth Mgt

W

Walkers

FAR Out! – E-Reporting Now Reality For Cayman´s Hedge Funds Industry

On 29 March 2007 the Cayman Islands Monetary Authority ("CIMA") confirmed full operation of Cayman's new electronic reporting system for the submission of annual returns for hedge funds licensed, registered and administered in the Cayman Islands heralding the start of a new modern and digital era of hedge fund regulation in the Cayman Islands.

Cayman Islands Wealth Mgt

W

Walkers

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