CPO and Hedge Fund Reminders – Financial Statements Must Comply With GAAP (Generally Accepted Accounting Principles)

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.