# kaal:claim:2447306-032

**Claim.** For a substantial minority, existing systems fail Form PF for a specific reason: 34.78 percent of respondents said their internal reporting systems were insufficient because the required answers demand further analysis and calculation beyond what the systems already produce.

**Type.** failure  **Support.** evidenced

**Holds when.**

- responses to survey Question 15 and follow-up 15b

**Source quote.**

> Several respondents (34.78%) opined that their existing internal reporting systems were insufficient to respond to questions on Form PF because they require further analysis and calculations.

**From.** Wulf A. Kaal, *Private Fund Disclosures Under the Dodd-Frank Act* (2014), VI. Discussion and Conclusion, 1. Summary of Key Findings, page 39

**Cite as.** Wulf A. Kaal, Private Fund Disclosures Under the Dodd-Frank Act (2014). SSRN: https://ssrn.com/abstract=2447306

**Verify.** sha256 of source PDF `0c950d73240845e78faf1c3ca0ab820fcc50556faf7ff07f7f773d0876f0be8a` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202014%20-%20Private%20Fund%20Disclosures%20Under%20the%20Dodd-Frank%20Act.pdf

**Failure mode.** reporting-system-mismatch  (family: disclosure-cost-and-burden)

**Topics.** disclosure, private-funds, compliance, empirical-evidence

**Keywords.** reporting-systems, form-pf, data-recalculation, compliance-burden, survey-results

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