January 8, 2009
Hedge Fund Audits Expected to Increase in Importance
The Madoff scandal has shown the hedge fund industry many things, not the least of which is the importance of hedge fund audits. While the details of Madoff’s audits are still a little unclear, it has been widely reported that the audit firm he used was a little [...]
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January 7, 2009
FASB may re-evaluate FAS 157 in light of recent market events
While the SEC does not directly control the manner in which hedge fund assets are valued for the purpose of striking a NAV for a fund, the SEC valuation policies are important for hedge funds in a number of different ways. Maybe most important is [...]
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