NAV Preparation Tie-Out

Reconcile a fund's NAV components — positions, prices, accruals, income, expenses, shares outstanding, and cash — between the fund accounting book of record and the independent custodian, administrator, and approved pricing sources: match records per component, classify every disagreement into a fixed break taxonomy (quantity, price, cash, accrual, income, expense, shares, missing-record, timing), preserve lineage, tie the breaks out to explain each control total, and draft PROPOSED-only resolutions. Use when a fund accountant asks to "tie out the NAV", "reconcile the book to the custodian and administrator for the valuation date", "classify the NAV breaks", or "produce t…