Whether you are a financial statement preparer or auditor, it is critical to understand the complexities of the specialized accounting and regulatory requirements for investment companies. This 2018 guide provides authoritative how-to accounting and auditing advice, including implementation guidance and illustrative financial statements and disclosures.This guide is the industry standard resource, supporting practitioners in a constantly changing industry landscape packed with continuous regulatory developments.
- 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.
Keywords: Investment company accounting
Investment company accounting, Investment company auditing, Investment company auditing and accounting guidance, Investment company sample financial statements, Fair value accounting for mutual funds, U.S. Securities and Exchange Commission, SEC, Investment Company Reporting Modernization, Regulation S-X, Attestation report, Custody, Liquidation basis of accounting, going concern, PCAOB