2011年9月15日 星期四

Hedge Funds | Hedge Funds Audits In California

Hedge funds Audits

Hedge funds is a privately offered investment vehicles in which the contributions of the high net worth participants are pooled and invested in a portfolio of securities, commodity futures contracts, or other assets. The "Hedge Fund" definition has come to incorporate any absolute return fund investing within the financial markets (stocks, bonds, commodities, currencies, derivatives, etc) and applying non-traditional portfolio management techniques including, but not restricted to, shorting, leveraging, arbitrage, swaps, etc. Hedge funds can invest in any number of strategies and they are perhaps most readily identifiable by their structure, which is typically a limited partnership (the manager acting as the general partner and investors acting as the limited partners) with performance related fees, high minimum investment requirements and restrictions on types of investor, entry and exit periods. During the audit period, the auditor will work with the hedge fund manager to review the hedge fund's valuation methodology as well as the implementation of that methodology. The auditor will also review the fund's account statements, including the profits and losses. The most clamorous reasons cited by the votaries of regulating the Hedge Fund industry is the incredible growth of hedge funds and the increased influence and power that hedge funds are having on the financial marketsAn Fund audit is the examination and verification of a company's financial statements and records, and in the United States, examination for their compliance with Generally Accepted Accounting Principles (GAAP).

American Institute of Certified Public Accountants (AICPA)

Its origins go back to 1887 when the American Association of Public Accountants was formed. After several name changes, and after absorbing in 1936 the American Society of Certified Public Accountants (a federation of state societies founded in 1921), the present name was adopted in 1957. AICPA One of the nation's leading not-for-profit professional associations, AICPA has more than 335,000 members in public accounting, law, education, and government. The American Institute of Certified Public Accountants (AICPA) takes the position that cost may properly be determined by any of the common methods. The position of the AICPA is clearly stated in the following sentence: "In keeping with the principle that accounting is primarily on cost, there is a presumption that inventories should be stated at cost". The AICPA is extensively involved in various member services, education and publishing, professional ethical practices, enforcement of professional standards, research, and peer review. The AICPA prepares the CPA examination and provides educational and newsworthy information to its members.
AICPA distributes its information through Web sites, conferences and forums, and publications. Members of the AICPA must have a valid license to practice accounting (having passed the required examinations), be employed in an AICPA-approved institution, and abide by the organization's by laws, The AICPA determines how financial data are calculated and reported to stockholders .

The American Woman's Society of Certified Public Accountants (AWSCPA)

The American Woman's Society of Certified Public Accountants (AWSCPA ) is a national organization dedicated to serving all women CPAs. The AWSCPA provides a supportive environment and valuable resources for members to achieve their personal and professional goals through various opportunities including leadership, networking and education. This area was constructed to help connect our members with new employment opportunities. Since its creation over seven decades ago, the American Woman's Society of Certified Public Accountants has been the voice of women in the accounting profession .

California Society of Certified Public Accountants (CalCPA)

To increase the value and promote the integrity of the CPA profession , contribute to the success of our members, and strengthen client, employer, public and government trust in CalCPA member advice, work products and opinions. Information about courses, events and conferences for CPAs to fulfill CPE credit. Courses are offered inCalifornia and nearby states.
The State will fund your training for implementation of ISO. Take advantage of this opportunity to get your company's certification. This final audit report points out that California used pension fund reserves to reduce California's budget deficit. In doing so the State passed legislation that effectively excluded the Federal Government (includes participating programs of all Federal agencies) from receiving its fair share of about $816 million in pension fund reserves which was allocated to State agencies for operating expenditures.

M.D. Hall & Company, Inc we specialize in audits of hedge funds , funds of funds, broker/dealers, and fund management companies . We also perform audits of CFTC-registered funds trading in commodities and futures and provide other attestation services, such as reviews, compilations and performance statistics reports, we put more than a decade of hedge fund management experience to work for you.

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