1/25/2010
Struggles over estimating fair value of investments that calculate NAV have been well documented of late and now the American Institute of Certified Public Accountants has issued guidance to help.The new guidance feeds off of revisions to FAS 157 by answering questions the Financial Accounting Stand ...
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9/21/2009
The evolution of accounting clarity that was FASB 157 could take another leap with release of a proposal that would require greater disclosure related to hard-to-value securities. The proposal from the Financial Accounting Standards Board, Fair Value Measurements and Disclosures, would permit provid ...
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6/15/2009
Satisfying the SEC when it comes to valuation begins with having policies and procedures that are consistent and take into account contingencies, but the job doesn't end unless your firm has a good idea of the methodologies employed by pricing services it relies upon.These are among the best practic ...
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2/2/2009
If you needed one more sign that the government's likely to mandate registration of hedge funds, consider a new report from the President's Working Group on Financial Markets. The group last month released two new reports, and each can help firms with compliance and in conducting due diligence.The f ...
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12/8/2008
CCOs tend to follow one of two paths in helping their firm's valuation efforts. One gives the CCO a seat and an active role in valuation meetings. The second has the CCO acting as an overseer, someone who watches the meetings and evaluates its actions.Elizabeth Krentzman, principal at Deloitte Tax, ...
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12/1/2008
The current financial crisis dominated the American Bar Association's fall meeting on business law in Washington Nov. 21, including talk about how hedge funds are responding to requests for redemptions."I have been doing this a long time," Paul Roth, partner at Schulte Roth & Zabel in New York, told ...
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11/17/2008
This year has tested any fund's valuation technique, so a consulting group has released a 31-page white paper designed to help hedge funds, funds of funds, private equity firms and others in the "alternative investment sector" to better understand FASB 157, the accounting standard that governs fair ...
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5/19/2008
The advisory industry may be facing the SEC's toughest scrutiny of how advisers conduct valuations. This means you'd be wise to have a reliable, consistent valuation approach.This was one of the messages coming out of the NRS Annual Spring Compliance Conference in Miami Beach last week. ElizabethKno ...
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12/10/2007
The International Organization of Securities Commissions has published a set of policies and procedures for hedge funds to follow in valuation of their assets in an effort to bring consistency on a worldwide basis."The chief aim of the principles is to seek to ensure that a hedge fund's financial in ...
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11/19/2007
Firms should review their disclosures to clients about their valuation procedures and make sure those procedures are being followed even for assets in distressed markets, Andrew Donohue, director of the SEC's Division of Investment Management, warned."A CCO would be wise to make sure that the proced ...
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