Investment Management Committee
COMMITTEE ACTION PLAN
Who We Are
We are members of the Society who work in or are interested in the area of investment management, including financial institutions and products, focusing on non-tax aspects such as accounting, analysis, operations and regulation.
What We Do
- Review and discuss the accounting and operational implications for originators, intermediaries, and end users of new and existing financial products that would include debt, equity, and derivative financial instruments.
- Examine developments in the areas of
o Risk management of financial assets and liabilities
o Valuations of financial assets and liabilities
o Short selling
o Credit analysis
o Securities lending and borrowing
o Operations
o Hedge funds - Prepare lists of best practices in risk management, valuations, and operational control.
- Comment on relevant legislative proposals and coordinate responses by NYSSCPA to SEC (Investment Management Division), CFTC, OCC, Federal Reserve, FASB and AICPA initiatives with other appropriate responding committees.
- Sponsor an annual conference that does not conflict with those conducted by the Taxation of Financial Institutions and Products, the Stock Brokerage, and the Partnership and LLCs Committees.
- Address technical questions from members and liaison with government agencies.
- Write articles for The CPA Journal.
Who Should Join
Members who work in or are interested in the investment management and financial products areas, including those at hedge funds, brokerages, investment and commercial banks, mutual funds, insurance companies, government-sponsored enterprises, fund administrator, accounting firms, government and academia.