The 2008 LRN Ethics and Compliance Risk Management Practices Report

LRN published their 2008 LRN Ethics and Compliance Risk Management Practices Report (.pdf) (free registration required)  The report is based on a survey of senior ethics, legal, risk and audit professionals, with 461 completed surveys. The key findings of the report: Ethics and compliance programs are maturing Companies identify their top two ethics and compliance … Read more »

Recommended Annual Review for Hedge Funds and Other Private Fund Managers

Bingham McCutchen has put together a Recommended Annual Review for Hedge Funds and Other Private Fund Managers. Bingham put together a laundry list of regulations, policies and filings that you should review on at least an annual basis: Compliance Policies and Procedures Form ADV Part 1 and Form ADV Part II Form SH Anti-Fraud Rule … Read more »

AICPA Exposure Draft on Compliance Audits

The AICPA released a Proposed Statement on Auditing Standards for Compliance Audits (.pdf) This would replace SAS No. 74 Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of Governmental Financial Assistance. Comments or suggestions on any aspect of this exposure draft would be appreciated. To facilitate the ASB’s consideration of responses, comments should … Read more »

President’s Working Group on Financial Markets Reports

Asset Managers’ Committee and the Investors’ Committee of the President’s Working Group on Financial Markets Reports have released their best practices reports for hedge fund managers and investors, respectively: Asset Managers’ Committee Report (.pdf) and the Investors’ Committee Report (.pdf). In the Asset Manager’s Committee Report: A Manager should establish a comprehensive and integrated compliance … Read more »