Zurab Moshashvili, CPA is a partner at Anchin with more than 10 years of public, private, and multinational experience.
Zurab specializes in providing assurance and advisory services to a wide range of privately and publicly held companies. He has served clients with varying specialties, including senior living, equity and mortgage REITs, hospitality, private equity and opportunity funds, affordable housing 80/20 projects, and owners and operators of commercial and residential real estate.
His expertise lies in working on revenue recognition, valuations, acquisitions/dispositions of real estate, business combinations, residential agency and non-agency mortgage backed securities, repurchase agreements, impairment, going concern and various types of derivative instruments. He has worked on audits and reviews of SEC filings on Forms 10-K and 10-Q, as well as S-11 and annual reports of public companies, spin-off transactions, including initial Form 10 and subsequent amendment filings, and audits under S-X Regulations 3-05 and 3-14. He has been involved in numerous comfort letter procedures for secondary and continuous equity offerings. Zurab has assisted clients with the implementation of internal controls to comply with the Sarbanes Oxley Act Section 404, and COSO 2013 framework.
In addition, Zurab specializes in providing accounting and auditing services to various national and international real estate core plus, value added and opportunity funds, where he is heavily involved in valuations, carried interest calculations and foreign currency contracts.
Zurab has served as an assistant vice president in the investments credit surveillance department of a publicly traded mortgage REIT. He began his career at a Big 4 accounting firm, where he served as an audit senior manager before coming to Anchin.
He has created training curriculums and taught courses related to real estate accounting and auditing methodologies. He is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).
- Accounting and Auditing
- Financial Services
- Real Estate
- SEC Explores Softening Accredited Investor StandardsJuly 11, 2019
On June 18th, the SEC issued a comment release for feedback on possibly loosening the accredited investor definition. This would potentially allow more investors to contribute to private funds and other restricted investments. Here’s what they’re considering and what could happen next.
- The OCIE Lays Out Six Examination Priorities for 2019January 11, 2019
Every year, the SEC’s Office of Compliance Inspections and Examinations (OCIE) publishes a report listing their priorities for upcoming examinations. For 2019, they will focus their attention on six categories.
- 2018 Financial Services Year-End Tax Planning AlertDecember 19, 2018
With the passage of the Tax Cuts & Jobs Act (the “Tax Act”) in December of 2017, the impact on funds, their owners/managers and investors has been anything but clear. The Tax Act was rushed into law, is extremely complex and still has many unanswered questions to unclear sections of the new law. However, unlike last year at this time, we do not foresee any new tax legislation before year-end 2018 nor is it clear that guidance or technical corrections will be forthcoming to address some of the open questions affecting funds, fund managers and their investors.
- Cybersecurity for Investment Partnerships, Private Equity and Real Estate Funds - Responding to a Growing ThreatJuly 30, 2018
Investment partnerships, private equity and real estate funds are tempting targets for cybercriminals thanks to their financial assets, sensitive customer information, and access to institutional counterparts. And the threat is growing quickly. Recent studies report that fifty five percent of limited partners in private equity funds expect a serious cyberattack on their firms within the next five years. How can you keep your fund safe? Let’s take a look at the current threats and latest recommendations from the SEC.
- Department of Commerce Form BE-12 Benchmark Survey of Foreign Direct Investments in the United States May be Required for U.S. Fund ManagersMay 22, 2018
Form BE-12 (Benchmark Survey of Foreign Direct Investments in the United States) is required to be filed every fifth year, in place of Form BE-15 (which is for annual reporting that falls outside of the five-year reporting). This Form is filed with the U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”). The next Form BE-12 filing is due on May 31, 2018 (June 30, 2018 if using the BEA’s e-file system).
- SEC Announces 2018 Compliance Examination PrioritiesFebruary 16, 2018
As they have for many years, the SEC announced its 2018 Office of Compliance Inspections and Examinations (OCIE) examination priorities.
- Tax Court Ruling That Family Office Carried on a Trade or Business May Offer Tax Planning Opportunities February 5, 2018
On December 13, 2017, in Lender Management, LLC v. Commissioner, the U.S. Tax Court ruled that a family office, Lender Management, LLC (“Lender Management”), carried on a trade or business as an investment manager rather than as a passive investor and was therefore entitled to deduct expenses under §162 (“deductible above-the-line with no income limitation”) vs. §212 (“miscellaneous itemized deductions subject to the 2% of adjusted gross income (AGI) floor”).
- Tax Cuts and Jobs Act: Key provisions affecting Hedge Funds, Private Equity Funds and Other Investment Funds or Fund VehiclesJanuary 17, 2018
The Tax Cuts and Jobs Act (the “Tax Act”), which was signed into law on December 22, 2017, enacts a broad range of changes with most provisions taking effect for tax years beginning after December 31, 2017. This alert summarizes some of the key (federal) tax provisions of the Tax Act affecting managers of hedge funds, private equity funds and other investment funds or fund vehicles.