Zlatin Gamishev

CFOs are increasingly hesitant to transition to private equity (PE) roles, citing the intense demands for swift growth, extensive scrutiny, and the retention of conventional accounting duties over delegating to a Controller. The perceived risks often outweigh the anticipated benefits. In the PE sector, compensation tends to be lower, with equity and bonuses deferred until the conclusion of the tenure, posing a financial challenge for CFOs. Beyond financial oversight, CFOs play a pivotal role in fostering organizational value, often under tight deadlines, while also shouldering the additional burden of overseeing the CEO's actions.

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Partner Alexander K. Buchholz, CPA, MBA, CGMA breaks down the latest updates to the OMB Uniform Guidance and New Jersey’s Circular 25-12-OMB, which raise the Single Audit threshold to $1,000,000 and update reporting requirements for not-for-profits. If your organization receives federal or New Jersey State funds with fiscal years ending on or after September 30, 2025, these changes may affect your audits, filing requirements and compliance process. #PKFOD #KnowGreaterValue #Compliance #NJTreasury

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The message from LPs is clear: sharpen your edge or get left behind. The latest KPMG US Private Markets Survey signals a shift in what matters most. Capital deployment still matters, but strategy, stability, and clarity are now leading the conversation. Artificial intelligence is now a top investment priority. Cybersecurity is a baseline expectation. And governance is under real scrutiny. PE firms that lead in innovation and accountability will be the ones who win long-term trust and capital. The rest will have to explain why they didn’t see the shift coming. Read the full survey here: https://lnkd.in/g8pQQFRD. #KPMGPrivateEquity #AI #Cybersecurity #PrivateMarkets #Governance #LPExpectations #ValueCreation #KPMGInsights

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The SEC continues to make updates to alleviate the regulatory burdens facing the investment fund industry and asset managers. This article from Forvis Mazars US includes several important SEC regulatory changes since our 1Q 2025 update to keep you in the know: https://lnkd.in/dfKm2Rw8

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Congress is considering tax proposals that could affect private equity executives by: • Limiting access to a popular federal deduction involving pass-through entity taxes • Challenging fundraising from foreign investors and increasing fund structure complexity • Incentivizing deployment of capital to portfolio companies that qualify for certain small business stock benefits. • Making permanent an increased estate and gift tax exemption Read more! #PrivateEquity #TaxReform2025 #CarriedInterest #DealStrategy #FundFormation https://rsm.buzz/3TeeMEx

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As the internal audit profession continues to implement and operationalize the 2024 Global Internal Audit Standards, internal audit functions face substantive changes in how quality is defined and measured. At Cherry Hill Advisory, we've developed the Q360 methodology to address this evolution through a principles-based approach that evaluates both conformance elements and performance drivers. The framework acknowledges that different organizations require different paths toward excellence. After working with hundreds of CAEs throughout my time with the IIA, I've found that effective quality initiatives must balance technical requirements with strategic considerations to deliver value to organizations. I welcome your thoughts on how to best leverage the Standards. https://lnkd.in/eXfgXcsa #GIAS2024

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The role of the CRO has shifted. KPMG US released From Reaction to Readiness, examining how Chief Restructuring Officers are evolving from reactive firefighters to proactive strategists. The data tells the story. 66% of organizations cite persistent financial distress as the top reason to hire a CRO. Yet early engagement delivers significantly better outcomes. Most companies still wait too long. 60% of respondents expect global economic volatility to increase demand for CRO services. Private equity firms are especially concerned at 65%. What's changed: Modern CROs need digital fluency, sophisticated management capabilities, and an understanding of global market dynamics. The skill set has broadened beyond traditional turnaround expertise. Organizations that engage restructuring leadership early position themselves to address challenges before distress becomes acute. Waiting until crisis mode limits options and outcomes. Read the full report here: https://lnkd.in/eY4BJ98t #KPMGStrategy #Restructuring #Leadership #Transformation

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As Rafael Ferrales, EA mentioned yesterday, the IRS released Notice 2016-16 regarding qualified production property last week. The notice addresses the full expensing of production facilities under Section 168(n). The notice addresses key definitions, recapture provisions and safe harbors for non production facility.

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US lawmakers are planning to shut down the US audit regulator the #PCAOB (Public Company Accounting Oversight Board) and merge with it with the #SEC (Securities and Exchange Commission) which was founded in the wake of the Enron scandal more than two decades ago. So will less #regulation mean less cost for organisations? Or could this mean a potential decrease in focus on audit resulting in a disservice to consumers and users of financial statements? #pcaob #sec #regulation #sox #audit https://lnkd.in/erqSP-au

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The new KPMG IPO Material Weakness Study reveals the challenges related to internal controls over financial reporting that companies faced at the time of their initial registration for new securities as well as through their first 10-K/10-Q filing. Our scope included 122 traditional IPOs for companies listed on the NYSE or NASDAQ that closed between January 1, 2023 and December 31, 2023. Read the report here. https://bit.ly/3TeNHku

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The regulatory agendas are out! See what regulatory issuances the financial service regulators—SEC, CFTC, FinCEN, FRB, FDIC, OCC, CFTB—are planning: https://lnkd.in/ecBqinJA #Regulatory #KPMG #FinancialServices

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Massachusetts DOR adopts final rule changes on P.L. 86-272 protections What happened?  The Massachusetts Department of Revenue (Department) on October 10 amended its Corporate Nexus regulation (830 CMR 63.39.1 ) to revise the Department’s interpretation of the scope of P.L. 86-272. Specifically, the language added to the regulation provides that the protections of P.L. 86-272 are exceeded when an out-of-state vendor places “Internet cookies onto the computers or other electronic devices of in-state customers” to gather customer search information for non-protected business activities. This amendment will be applied prospectively, beginning with tax years that include the October 10, 2025 date of promulgation. Why is it relevant? P.L. 86-272 has not been updated since its enactment, and states increasingly have sought to limit its application as the economy and business practices have changed. Since P.L. 86-272 applies only to sales of tangible personal property, these protections are especially relevant for the consumer and industrial products sectors. Actions to consider Taxpayers that currently file “non-income measure” returns should review their use of the customer search information collected by Internet cookies to determine whether that use creates Massachusetts income tax nexus. Further, note that this issue has been litigated in New York and New Jersey, so there also could be a challenge brought in Massachusetts. https://lnkd.in/g4hxprMn

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