NFA has recently been identifying and advising CPOs with regard to making sure their financial statements are in compliance with GAAP (Generally Accepted Accounting Principles).  As a reminder to all CPOs and Hedge Funds, organizational costs must be expensed as incurred rather than capitalized and amortized over a period of time.  Feel free to give us a call if this requires further explanation.

Mike Coglianese can be reached directly at 630-351-8942 or mike@cogcpa.com.