right now - Kaufman Rossin

INVESTMENT COMPANIES
QUALIFICATIONS & SERVICES
WHAT WE’RE SEEING
RIGHT NOW
Last year was an extremely
active year for AML fines. FINRA
has taken the lead, but the SEC
will follow closely. Expect more
scrutiny of firms’ suspicious
activity
monitoring
systems
and independent tests, tough
enforcement and fines to continue.
If you value experience,
you’ve come to the right
place.
Some things are too important to trust to amateurs. The kind of
scrutiny you face demands professionals who really understand
the risks and issues.
Kaufman Rossin has decades of experience serving clients in the
investments industry. We’re pros at audit, tax and consulting
services for this industry. We even built an award-winning fund
administration firm that was recently acquired by a public entity.
Our clients all over the world include pooled investment vehicles
like hedge funds and private equity funds, plus broker dealers
and registered investment advisors.
We’re not surprised they choose us, year
after year.
Why wouldn’t you choose service providers whose skill and
knowledge can alert you to compliance issues, protect you from
expensive errors, and recommend strategic moves that improve
your bottom line?
Big Data has given regulators more
analytical capacity, and they won’t be shy
Don’t be intimidated by rules
and regulators. We’re not.
about using it. Look for a laser-beam focus
on anti-money laundering compliance
from all regulators across the industry. And
IT security is under the microscope as well.
Rule books used to line our shelves; now
it seems like they’re expanding in digital
format as fast as the world wide web itself.
Kaufman Rossin’s CPA heritage means
we’re used to guidelines and standards
How do we know? One of our directors
used to be an industry investigator.
Starting a new fund? For years we’ve been
counseling startups, both one-on-one and
in public seminars. One area we stress is
and codes of conduct for just about
controls. Documenting procedures and
everything we do. But the complexity of
the controls over those procedures may
serving the investments industry can’t
seem daunting. But with proper controls in
be reduced to the rule book. Our special
place at the start, your new fund gains an
expertise delivers more for clients.
advantage in satisfying potential investors
and fulfilling auditors’ requirements.
Got a complex issue?
Bring it on.
Compliance with anti-money laundering rules isn’t getting easier.
We specialize in these issues, and we’re particularly familiar with
those related to Latin American transactions. For a broker dealer who
transacts with foreign institutions, for example, we recently helped
prepare employees for testimony before FINRA. The unique insight our
former FINRA director provided was invaluable.
Unusual structures intrigue us. A decade ago, The University of Florida
established its own investment management company to oversee
their investments. In 2009, they created alternative investment funds
and selected our team to provide start-up counsel and audit services.
Just five years into their existence The University of Florida Investment
Corporation was named the Nonprofit Investor of the Year at the
Annual Hedge Fund Industry Awards.
Our industry leadership gives our clients a voice. Kaufman Rossin
principals served on the AICPA’s Investment Company Expert Panel
and related committees for more than 7 years, and currently have been
assisting the Panel with various projects, including the review of the
updated Audit Guide for 2016. The Panel addresses key issues in the
industry, meets with regulators to gain insight, and guides CPAs on
proper procedure.
CPA (Certified Public Accountant)
Our credentials are as solid as
our experience.
CGEIT (Certified in the Governance of Enterprise IT)
CAMS (Certified Anti-money Laundering Specialist)
CITP (Certified Information Technology Professional)
There’s no beating our background. Team
members have decades at Big Four firms.
Another began his career as a regulator,
CFE (Certified Fraud Examiner)
CCE (Certified Computer Examiner)
then served as a Chief Compliance Officer
and Anti-Money Laundering Compliance
Officer, responsible for compliance with
CFF (Certified in Financial Forensics)
ABV (Accredited in Business Valuations)
the USA PATRIOT Act, Bank Secrecy
Act, Office of Foreign Assets Control,
and Foreign Corrupt Practices Act. One
practiced internal audit at our UK affiliate.
We hold a wide range of credentials. And
we’ve been participating on the prestigious
AICPA Investment Companies Expert
Panel and related projects for years.
CISA (Certified Information System Auditor)
ASA (Accredited Senior Appraisers)
GCIH (GIAC Certified Incident Handler)
CVA (Certified Valuation Analysts)
CISM (Certified Information Security Manager)
CRCP (Certified Regulatory and Compliance Professional)
Forecast? Tougher.
More regulation seems inevitable, according to all sources. FINRA
is focused on firm culture, and has even created a formal tool
to assess it. They plan to emphasize supervision and conflict of
interest in the coming year. Compliance officers face increasing
personal liability for compliance failures. And as information
technology improves the client experience, cyber-security risks
grow exponentially.
Services
Audit, Review & Compilation
Business Advisory
Custody Rule Required Surprise
Examinations
Custody Rule Required Independent
Representative Services
FINRA & SEC Compliance
Fraud Investigation
IT Security Consulting
Performance Audit
Regulatory Compliance
Risk Advisory
Tax Consulting and Planning
Tax Compliance and Estimates
KAUFMAN R OS SIN
GO B E YO N D TH E N U MBERS
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