Accounting
A distinguishing feature of Castle Peak’s core competency is our depth of knowledge related to accounting and reporting of investment-related assets and liabilities.
Many of our consultants have accounting designations in the US, Canada or both, and come equipped with foundational accounting or auditing experience that our clients appreciate.
Multi-Basis, US & Canada regulatory accounting a reporting
We understand that our asset owners are often governed by multiple accounting regimes, and accordingly have amassed knowledge of the nuances of US GAAP, GASB, IFRS, US Tax, Canadian Tax and US insurance statutory reporting (NAIC) and other necessary accounting bases to support our clients.
Cash and cash reconciliation, management of payables/receivables, and the many different definitions of “cash” in an accounting-sensitive investment shop
Our consultants appreciate the variety of cash reporting needs within a complex investment manager, and in developing efficiencies to promote automation and exception management.
Fund accounting and administration
We understand the accounting and reporting needs unique to the fund accounting sub-industry, including integration with transfer agency systems, multi-class and complex fee structures, tax-advantage structures and other complexities associated with mutual funds, segregated funds, and other unitized vehicles. We have also worked with clients seeking to leverage investment pooling and unitization to distribute risk more equitably amongst participants.
Investment regulatory
We understand the things that make investments reporting complex and can help clients navigate both existing and new regulatory reporting hurdles. We stay up to speed on industry changes like rules for expected credit losses (IFRS9 and CECL). We are conversant in accounting and reporting needs that impact our clients like cashflow restatements, impairments and portfolio transfers.
Contact us to speak with an expert.
