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Fund Controller

Implement and maintain accounting policies and controls

Automates◐ 1–3 years

What You Do Today

Develop fund accounting policies, implement internal controls over financial reporting, and ensure SOC 1 compliance. Document control procedures and coordinate with compliance and risk functions.

AI That Applies

AI maps control activities to risk scenarios, monitors control execution through automated testing, and flags control gaps or failures in real-time.

Technologies

How It Works

The system ingests control execution through automated testing as its primary data source. The processing layer applies the appropriate analytical models to the structured data, generating scored outputs that surface the most actionable insights. The results integrate into the practitioner's existing workflow — presenting recommendations, flags, or automated outputs alongside their normal working context.

What Changes

Control monitoring becomes continuous rather than periodic, with automated testing and exception reporting.

What Stays

Designing controls that are effective without being burdensome, building a control-conscious culture, and making judgment calls about materiality and risk require experienced controllers.

What To Do Next

This section won't tell you what your numbers should be. It will show you how to find them yourself. Every instruction below produces a real, verifiable result in your organization. No benchmarks, no projections — just the steps to build your own evidence.

1

Establish Your Baseline

Know where you are before you move

Before adopting AI tools for implement and maintain accounting policies and controls, understand your current state.

Map your current process: Document how implement and maintain accounting policies and controls works today — who does what, how long it takes, where the bottlenecks are. You need this baseline to measure improvement.
Identify the judgment points: Designing controls that are effective without being burdensome, building a control-conscious culture, and making judgment calls about materiality and risk require experienced controllers. These are the boundaries AI won't cross.
Assess your data readiness: AI tools for this area need data to work. Check whether your organization has the historical data, integrations, and data quality to support AuditBoard tools.

Without a baseline, you can't measure whether AI actually improved anything. You'll adopt tools without knowing if they're working.

2

Define Your Measures

What to track and how to calculate it

Time per cycle

How to calculate

Measure how long implement and maintain accounting policies and controls takes end-to-end today, then after AI adoption.

Why it matters

The most visible improvement is speed. If AI doesn't save time, question whether it's adding value.

Quality of output

How to calculate

Track error rates, rework frequency, or stakeholder satisfaction scores before and after.

Why it matters

Speed without quality is just faster mistakes. Measure both.

When to check: Check after 30 days of consistent use, then quarterly.
The commitment: Give new tools at least 30 days before judging. The first week is always awkward.
What NOT to measure: Don't measure AI adoption rate as a KPI. Adoption follows value — if the tool helps, people use it.
3

Start These Conversations

Who to talk to and what to ask

your CFO or VP Finance

What data do we already have that could improve how we handle implement and maintain accounting policies and controls?

They're prioritizing which finance processes to automate first

your ERP or finance systems admin

Who on our team has the deepest experience with implement and maintain accounting policies and controls, and what tools are they already using?

They know what automation capabilities exist in your current stack

your FP&A counterpart at a peer company

If we brought in AI tools for implement and maintain accounting policies and controls, what would we measure before and after to know it actually helped?

They can share what worked and what didn't in their AI rollout

4

Check Your Prerequisites

Confirm readiness before you invest

Check items as you confirm them.