# kaal:claim:2732915-025

**Claim.** Reported compliance time tracks reported compliance cost: a clear majority of adviser respondents spent fewer than 500 hours complying with Title IV, while a noticeable minority of 11.5 percent estimated more than 1000 hours.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- N=69 survey respondents
- time treated as a proxy for cost

**Source quote.**

> estimates pertaining to compliance time are consistent with their estimates pertaining to compliance cost. Although a clear majority of adviser respondents spent fewer than 500 hours to comply with Title IV, a noticeable minority (11.5%) estimated compliance time at more than 1000 hours.

**From.** Wulf A. Kaal, *The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study* (2016), V. Discussion and Conclusion, 1. Summary of Key Findings, page 35

**Cite as.** Wulf A. Kaal, The Private Fund Industry Five Years after the Dodd-Frank Act – A Survey Study (2016). SSRN: https://ssrn.com/abstract=2732915

**Verify.** sha256 of source PDF `643658c02f6625bca35595696116d0ad74d681ed8579c644832ae4a88b2a8c14` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20The%20Private%20Fund%20Industry%20Five%20Years%20after%20the%20Dodd-Frank%20Act%20%E2%80%93%20A%20Survey%20Study.pdf

**Topics.** compliance, empirical-evidence

**Keywords.** compliance-time, compliance-cost, survey-results, dodd-frank-act

**Related claims.**

- restates: https://wulfkaal.github.io/claims/2389423-027

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.