Core Compliance & Legal Services, Inc.
Solutions for Today's Business
Solutions for Today's Business
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| Financial Accounting Services |
CCLS’s Senior Compliance Consultant and CFO, Philip Posner, is a Certified Public Accountant registered in
the State of California. With over thirty-five years of experience, Philip is responsible for overseeing CCLS’s
financial accounting consulting services. CCLS provides a wide array of financial accounting services, which
includes, among other things, serving as interim CFO or controller, and developing accounting operations
departments in client firms of all sizes. Below are the most frequently requested services from our clients.
Interim CFO Services
Financial Operations
• Reconcile, maintain and update firm books and records, budgets, projections, etc.
• Work with independent auditors
• Review banking relationship and possibly look to expand
• Manage company cash accounts
• Tax planning, including review of tax issues and response to tax notices
• Review overhead expenses and make suggestions on cost cutting
Fund Operations
• Prepare capital calls to investors
• Control distributions to investors
• Manage cash for investment funding
• Work on carried interest calculations
• Back-up on investor relations
• Work with independent auditors on annual audits
• Review subscription and partnership documents
• Handle tax notices and issues
• Review portfolio company financials
Internal Operations
• HR – benefits, employee issues, hiring, etc.
• IT – work with IT professionals to upgrade accounting systems
• Office management, business insurance
• Work with outside council on legal issues, questions, contracts, etc.
Financial Compliance & Consulting
• Correspond with regulatory agencies as necessary
• Develop and maintain best practices policies and procedures, including anti-money laundering, insider
trading, disaster recovery, business continuity, etc.
• Work with portfolio companies on compliance issues
About Philip Posner, CPA
With over 35 years of public and private accounting, business management, tax, compliance and private equity
administration experience, Mr. Posner is a valuable part of our Core Strategic Team. Mr. Posner last held the
role of Managing Director, Chief Financial Officer and Chief Compliance Officer at Pacific Corporate Group
(PCG), where he was responsible for accounting, compliance and administration. Prior to joining PCG, Mr.
Posner was a partner with a Southern California regional accounting firm. Mr. Posner has extensive
management experience and specializes in private equities, Sarbanes-Oxley compliance policies and
procedures, 40 Act Funds and investment advisory compliance.
Philip has extensive experience in many fields within the financial industry including, among other things:
• Private Equities
• Compliance with the ’33 and ’34 Securities Exchange Act
• Investment Adviser Compliance
• Tax & Private Accounting
Education
• B.A. Business Administration-Accounting, Bernard Baruch College
• Certified Public Accountant, California
Professional Affiliations
• Member, California Society of Certified Public Accoountants
• President, Southern California Compliance Group
| For more information about our Financial Accounting Services, email Philp at: philip.posner@corecls.com |
