Hedge Funds IFRS/US GAAP Update

Description/Overview: 

US GAAP:

• New 2018 US GAAP changes;
  
• New US GAAP standards/updates - applicable to future years, but possibly eligible for early adoption;
• Other US GAAP developments - US GAAP exposure drafts/projects; and
• Remaining key differences under US GAAP and IFRS for investment funds.

IFRS:

• New 2018 IFRS changes;
• New IFRS standards/updates - applicable to future years, but possibly eligible for early adoption; and
• Other IFRS developments.

Hedge Fund Financial Statements Review:

• Hedge fund financial statements under US GAAP - standard disclosures
• Hedge fund financial statements under IFRS - standard disclosures

Presenters:

• Parry Deopersad, Director, PwC - Director of PwC Cayman’s financial statement preparation services group, with more than 11 years of asset management assurance experience with a variety of hedge fund structures and strategies. He has extensive experience in the application of both US GAAP and IFRS and is author of PwC’s global Illustrative IFRS Financial Statements for Investment Funds.
  
• Joel Dodson, Partner, KPMG - Head of Risk Consulting in the Cayman Islands and lead the Accounting Advisory Services group. He focuses on providing ISAE 3402/SSAE 16 services for hedge fund administrators, financial reporting and Form PF services for hedge funds and Basel II consulting services for the banking industry.
• Rajesh Pinjani, Senior Manager, KPMG - Certified accountant with more than 10 years of diverse experience in the Caribbean, Middle East and Pakistan, providing assurance services to hedge funds and funds of hedge funds. 

Learning Objective: To understand the updated accounting requirements applicable to US GAAP and IFRS and their impact on the financial statements presentation.

Who should attend: