Key Lessons from the Second Annual Hedge Fund Tax, Accounting & Administration Master Class: IFRS, Fair Value and SEC Examinations

From May 18th through May 20th, 2009, Financial Research Associates LLC and The Hedge Fund Business Operations Association presented the Second Annual Hedge Fund Tax, Accounting & Administration Master Class in New York City.  During the three-day conference, leading industry participants discussed the latest developments in hedge fund taxation, regulation, accounting and administration.  A key theme among the participants was that valuation will receive greater regulatory focus going forward, and hedge fund managers will need to keep up to date on relevant changes in accounting standards in order to prevent (or survive) investigations from the SEC and other regulators.  We summarize some of the key take-aways from the conference, and we include a lengthy discussion of how to approach and survive an SEC examination based on comments at the conference from Thomas Biolsi, Associate Regional Director of the SEC, and Thomas Verderber, Staff Accountant at the SEC.

To read the full article

Continue reading your article with a HFLR subscription.