Rothstein Kass Releases Updated "Private Equity Fund Pro Forma - Financial Statements Reference Manual" For 2012

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Top Alternative Investment Service Provider Issues Comprehensive Guide for Latest Best Practices in Preparing Financial Statements

Rothstein Kass (, a leading professional services provider to the financial services industry, today announced it has published a newly updated comprehensive reference guide, “Private Equity Fund Pro Forma – Financial Statements Reference Manual,” for the preparers of financial statements for private equity firms. Drawing on the expertise of the Rothstein Kass Private Equity Practice, the newest iteration of their guide has been updated to reflect newly enacted regulations and ongoing scrutiny of the private equity industry. The 2012 guide includes the latest financial statement templates and appendices, as well as a summary of notes to these statements.

“At Rothstein Kass, we have an extremely talented and diverse team with decades of experience in guiding alternative investment firms through fast paced, evolving and heavily regulated environments,” said Tom Angell, Principal-in-Charge of the Rothstein Kass Private Equity Practice. “Our proprietary research and absolute understanding of the entire alternative spectrum enables us to publish a comprehensive manual to guide the preparers of financial statements for private equity firms to better enhance the comparability, consistency and transparency of their reporting. We pride ourselves on keeping our fingers on the pulse of this ever-changing environment so we can advise our clients on the latest developments of the industry.”

The reference manual includes templates for the statement of financial condition, statement of operations, statement of changes in partners’ capital, statement of cash flow, as well as the condensed schedule of investments. Notes to financial statements in “Private Equity Fund Pro Forma – Financial Statements Reference Manual” provide guidance on the nature of operations and summary of significant accounting policies, fair value measurements, warrants, concentration of credit risk, escrow proceeds receivable/Earn-Out payments, committed capital, partners’ capital, management fees, loans payable, related party transactions, unfunded investment commitments, risk factors, payable for investment purchase transactions, indemnifications and financial highlights.

“Having worked in this industry for decades, we know our private equity clients appreciate a sense of certainty, especially when it comes to both meeting the evolving requirements of regulators and satisfying the needs of investors,” said Seth Blackman, Principal-in-Charge of the Rothstein Kass San Francisco office. “Providing these firms with a pro forma guide to create uniformity in reporting not only gives their investors confidence through transparency, but helps the statement preparers reduce the compliance burden for their firms, which ultimately allows the managers to put more focus on the core investment functions.”

A copy of the reference manual is available by visiting:

About Rothstein Kass:

Rothstein Kass is a premier professional services firm that has served privately held and publicly traded companies, as well as high-net-worth individuals and families, for more than 50 years. As trusted advisors to our clients, Rothstein Kass provides accounting, advisory, auditing and tax services, as well as a full array of integrated services such as Litigation and Forensic Consulting and Family Office accounting, concierge and tax, to clients across industry spectrums and in all stages of organizational development. At the core of Rothstein Kass’ remarkable success lies our commitment to hiring, developing and retaining employees that represent an entrepreneurial spirit mirroring that of the sophisticated business and financial services communities that we serve.

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Erin Oliveri
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