# Internal controls

`kaal:entity:internal-controls`

**Status.** derived

This node is assembled mechanically from the 2 claims that carry the concept tag `internal-controls`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

2 claims across 2 works, 2009 to 2013.

**2009**

- [1428387-004](https://wulfkaal.github.io/claims/1428387-004) [predictive/argued] -- Valuation is very likely to become the next major issue for the hedge fund industry, because most jurisdictions lack regulatory oversight of valuation and the industry generally lacks self-discipline and internal controls.
  > With the lack of regulatory oversight in most jurisdictions, as well as the general lack of self- discipline and internal controls, valuation is very likely to become the next major issue for the hedge fund industry.13
  Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

**2013**

- [2337268-039](https://wulfkaal.github.io/claims/2337268-039) [condition/argued] -- A chief compliance officer is effective only if he or she combines sufficient knowledge of IAA obligations with adequate authority to develop and enforce policies and procedures; knowledge without authority is insufficient.
  > The chief compliance officer should have sufficient knowledge of IAA obligations and adequate authority to develop and enforce appropriate policies and procedures.
  Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/internal-controls.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.