ΠΕΡΙΓΡΑΦΗ

Accurate and reliable Net Asset Value (NAV) calculations are fundamental to maintaining investor confidence and ensuring the integrity of investment funds. This comprehensive seminar dives deep into the principles, practices, and advanced methodologies of NAV oversight and independent review. Participants will learn to verify and audit NAV calculations with precision, ensuring they meet stringent regulatory requirements and adhere to industry best practices.

Designed for financial professionals, this course covers a wide spectrum of topics, from the foundational concepts of NAV to the latest technologies and global regulatory frameworks. Through real-world case studies, interactive workshops, and hands-on tools, participants will gain actionable insights to strengthen their oversight processes, mitigate risks, and adapt to the evolving demands of the financial services industry, making the course ideal for and anyone involved in investment fund operations and reporting.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will be able to: 

• Understand the foundational principles of Net Asset Value (NAV) calculation, its role in fund operations and reporting, and the methodologies for valuing different asset classes, including complex and illiquid instruments.
• Gain detailed knowledge of global regulatory frameworks, their implications for NAV oversight, and cultivate a commitment to staying updated on regulatory changes and industry innovations.
• Learn the common sources of NAV discrepancies, the impact of errors on fund performance and investor confidence, and how to accurately analyse and audit NAV calculations to ensure compliance.
• Design and implement robust risk management and internal control frameworks for NAV oversight, incorporating advanced audit tools, data analytics, and forensic methods in the independent review process.
• Acquire insights into emerging trends such as ESG metrics and embrace the use of technology, including blockchain and AI, to enhance the efficiency and reliability of NAV oversight processes.
• Conduct effective workshops, engage in collaborative problem-solving, and foster a proactive mindset in identifying and addressing risks related to NAV calculations.
• Prepare clear and comprehensive reports to communicate NAV findings to stakeholders and regulatory bodies, while promoting ethical practices, transparency, and investor confidence.
• Cultivate a collaborative approach with cross-functional teams to ensure accuracy and compliance, and value continuous learning to adapt to an evolving regulatory landscape.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Fund administrators and accountants.
• Compliance officers and internal/external auditors.
• Risk management professionals.
• Portfolio managers and financial analysts.
• Legal and regulatory advisors specialising in investment funds.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Understanding NAV and Its Role in Fund Operations

• Overview of NAV: Definition, purpose, and importance in fund performance reporting.
• Components of NAV: Valuation of assets and liabilities, fees, and adjustments.
• Types of funds and their unique NAV challenges (e.g., hedge funds, mutual funds, private equity).

Regulatory and Compliance Frameworks

• Deep dive into global regulatory standards (AIFMD, UCITS, etc.).
• Responsibilities of fund managers, administrators, and oversight personnel.
• Compliance reporting requirements.

Common Challenges and Risk Mitigation

• Frequent errors in NAV calculations and their impact on stakeholders.
• Operational risks in valuation and pricing.
• Designing and implementing risk controls.

The Independent NAV Review Process

• Objectives and scope of independent reviews.
• Step-by-step guide to conducting NAV reviews.
• Audit tools, technology, and data analytics for accuracy verification.

Advanced Valuation Techniques

• Pricing methodologies for liquid, illiquid, and complex assets.
• Use of fair value accounting under IFRS and GAAP.
• Handling valuation challenges in volatile markets and extraordinary events.

Case Studies and Practical Applications

• Analysis of real-world NAV discrepancies and lessons learned.
• Interactive workshop: Identifying errors and proposing solutions.
• Best practices for NAV oversight in evolving markets.

Emerging Trends and Future Outlook

• Technology in NAV oversight: Blockchain, AI, and automation.
• Challenges of ESG integration and cryptocurrency valuations.
• Preparing for future regulatory developments and market trends.

Questions & Answers

Training Style 

• Illustration of key terms and concepts
• Preparation and discussion of practical examples, including mini cases
• The course will have both a theoretical and practical framework with real examples drawn from actual companies, local and international
• Activities and Break-out groups

CPD Recognition 

This programme may be approved for up to 7 CPD units in Accounting and Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.