Citrin Cooperman, an accounting and business consulting firm, has been granted a license to transact business as an approved auditor in the Cayman Islands.

The company will be offering offshore-based funds auditing services under the Citrin Cooperman (Cayman) name.

“Our presence in the hedge fund area has grown substantially over the last several years, and this was a natural expansion of our services,” says Dave Grumer, co-partner in charge of the firm’s financial industry group. “With Citrin Cooperman (Cayman) we can now accommodate our current set of hedge fund clients who themselves have become more active offshore.”

With approval by the Cayman Island Monetary Authority, the financial regulatory agency of the Cayman Islands, Citrin Cooperman will also be able to audit registered investment advisers and other similar entities that are established in the Cayman Island jurisdiction.