Solving Funding Problems
KPM’s clients receive high levels of service especially when the reporting around the scope of service requires especially high levels of scrutiny. We did just that by providing audit services to a large studio client along with a local organization and the US government in relation to the EB-5 Immigrant Investor Visa Program. This program allows non-US residents to receive lawful permanent residency in exchange for investments in the United States that benefit local economies. A program like this, regulated by both the Securities and Exchange Commission (SEC) and US Citizenship and Immigration Services (USCIS), requires a high degree a scrutiny and our client’s confidence in us provided the opportunity to perform this engagement for them
Audit and Assurance
As part of our audit, we performed procedures on several film and television projects to ensure the costs were properly incurred, paid and within a certain region, pursuant to the agreement between the studio, the local intermediary, and the investors. Our assurance in this part of the transaction gave all parties involved the reliance to move forward in a heavily regulated investment sector. While the proliferation of the program has faded in recent years, this engagement is just one of many where a client faced a unique challenge and was able to rely on KPM’s assurance for their needs.