International Services

Earlier this year, Matt McReynolds, assurance manager at Mantyla McReynolds LLC watched the snow fall in downtown Salt Lake as he longed for a nice sunny vacation. While the cold, snowy weather can often remind us of more moderate climates, this wish came true by proxy as he worked with other accounting professionals in the Cayman Islands.


Matt and the assurance team at Mantyla McReynolds LLC completed an audit engagement for an investment fund with a master-feeder structure with operations in the U.S. and in the Cayman Islands. The structure consisted of three entities: a domestic U.S. partnership Master Fund, a domestic U.S. partnership Feeder Fund, and a foreign Cayman Islands Feeder Fund.

Cayman Islands’ laws require that a local Cayman Islands accounting firm opine on the audits that are domiciled within their jurisdiction. Because Mantyla McReynolds is in the BDO Seidman Alliance, we were able to seamlessly team up with BDO Cayman to successfully complete this engagement. Mantyla McReynolds provided the assurance services and the audit reports on the two U.S. entities, while BDO Cayman utilized our services and documentation to perform their procedures and report on the foreign Feeder Fund.


Mark Sperry, the engagement partner for Mantyla McReynolds observed, “We were very impressed with the timeliness and professionalism of BDO Cayman, one of the 600 international office relationships available to us through our membership in the BDO Seidman Alliance.”