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  • Fund Accounting, Custodian, and Auditor Roles in Portfolio Recordkeeping

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    Joe Garcia
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    Fund accounting determines the daily net asset value (NAV) and maintains fund records to support NAV calculations. The custodian holds securities, maintains an inventory of the portfolio, and manages cash payments and receipts. Investment operations oversees trade settlement and works with managers to ensure accurate portfolio reports and compliance.

    Original Description:

    Portfolio record keeping and its valuation.

    Original Title

    Portfolio Recordkeeping and Valuation

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    Fund accounting determines the daily net asset value (NAV) and maintains fund records to support NAV calculations. The custodian holds securities, maintains an inventory of the portfolio, and manages cash payments and receipts. Investment operations oversees trade settlement and works with managers to ensure accurate portfolio reports and compliance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    4 views6 pages

    Fund Accounting, Custodian, and Auditor Roles in Portfolio Recordkeeping

    Uploaded by

    Joe Garcia
    Fund accounting determines the daily net asset value (NAV) and maintains fund records to support NAV calculations. The custodian holds securities, maintains an inventory of the portfolio, and manages cash payments and receipts. Investment operations oversees trade settlement and works with managers to ensure accurate portfolio reports and compliance.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    PORTFOLIO

    RECORDKEEPING and
    VALUATION
    February 21, 2013
    Key Players
    Fund Accounting
    Custodian
    Investment Operations
    Independent Auditor
    Fund Accounting
    Determines the daily NAV
    Maintains all the fund records needed to support the NAV
    calculation
    Prepares the funds financial statements, tax returns

    Custodian
    Holds the funds securities in safekeeping
    Maintains an accurate inventory of portfolio of securities
    Manages cash payments and receipts
    Investment Operations
    Oversees trade settlement
    Works closely with the investment managers and traders
    to ensure that portfolio reports are accurate and funds
    comply with all relevant rules

    Independent Auditors
    Ensure the integrity of the funds financial data
    Review and confirm that all parties contributing to them
    are using appropriate procedures to generate information

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