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Investment Companies - Audit and Accounting Guide
This 2018 guide provides authoritative how-to accounting and auditing advice, including implementation guidance and illustrative financial statements and disclosures.

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Product details

Understand the investment industry’s complex accounting and regulatory landscape

Key Topics

  • Background on the investment company industry
  • Latest auditing and regulatory guidance specific to investment companies
  • Interpretive guidance for both new and existing rules
  • "Best practices" on complex industry-specific issues, including: investment valuation, financial instruments, capital accounts, BDCs, master-feeder funds, multi-class funds, UITs, separate accounts of life insurance entities and more
  • Illustrative reports on examinations of securities and controls at a custodian pursuant to Rule 206(4)-2 of the Investment Advisers Act of 1940

Who Will Benefit?

  • Auditors of both registered and nonregistered investment companies (AICPA and PCAOB audits)
  • Investment company industry professionals

Whether you’re a financial statement preparer or auditor, this 2018 industry-standard guide will support you in a constantly changing field.

Updated by AICPA staff in collaboration with the Investment Companies Expert Panel, this guide provides authoritative how-to accounting and auditing advice, including implementation guidance and illustrative financial statements and disclosures.

You’ll find information on regulatory developments and new updates to reflect changes from authoritative guidance issued since the guide’s original publication.

Updates

  • References to appropriate AICPA Technical Questions and Answers that address when to apply the liquidation basis of accounting
  • Appendices discussing the new standards for financial instruments, leases and revenue recognition
  • Appendices discussing common or collective trusts and business development companies
Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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$169.00
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