System and method for investment accounting and auditing

摘要

A system and method allows a user to accurately track and account for investments, as well as determine and present financial and tax consequences of financial and realizable events related to such investments. The system receives identifying data for a security, which includes at least data regarding a tax lot method. The system correlates a financial event, which can be an income event, capital change event, or a combination thereof, to the security. The system then determines a tax consequence based on the financial event and the identifying data. Finally, the system presents a complete security audit report comprising the tax consequence, a transaction ledger, a security financial position, an IRS-compliant Schedule “D,” an IRS-compliant Schedule “B” and the tax opinion. Multiple databases can be utilized including but not limited to a tax opinion database, capital change event database and income event database, among others. Further, the databases can be remotely located from one another.