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Investment Companies - Audit and Accounting Guide

Investment Companies - Audit and Accounting Guide

Provides authoritative how-to accounting and auditing advice, including implementation guidance and illustrative financial statements and disclosures.

$155 - $195
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1 year

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 Business & partner 
Product Details

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Your industry standard resource.

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.

Your industry standard resource, this 2020 edition supports practitioners in a constantly changing industry landscape. This guide addresses:

  • regulatory requirements, including recent changes and new developments most relevant to investment companies;
  • auditing guidance, including report illustrations for audits conducted in accordance with standards promulgated by AICPA and PCAOB.
  • accounting guidance, including financial statement illustrations and disclosures relevant to both registered and non-registered investment companies;
  • changes that result from guidance that was recently-issued or became recently effective; and,

2020 updates include:

  • Alignment of staff positions identified in the guide with their listing on SEC's "Accounting Matters Bibliography";
  • Conforming changes resulting from accounting standards that recently became effective (for example, fair value disclosures).
  • Conforming changes resulting from auditing standards that were recently issued (for example, SAS No. 134).
  • Areas of special interest, which are included in appendices (for example, the new standard for financial instruments, common or collective trusts and business development companies).

Finally, the guide features a schedule of changes which identifies where to find updated content and the associated reasons for the changes.

Who Will Benefit
  • This comprehensive guide has been designed to be beneficial for a wide range professionals, including those within the investment company industry, as well as those practicing in small, regional, and large accounting and auditing firms. The guide provides auditing considerations applicable for practitioners conducting audits of both registered and nonregistered investment companies (i.e. AICPA and PCAOB audits).
Key Topics
  • The latest auditing and regulatory guidance specific to investment companies.
  • Background on the investment company industry as well as interpretive guidance for both new and existing rules.
  • “Best practice” discussion provided on several new and recurring 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 many 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.
More Details
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Investment Companies - Audit and Accounting Guide
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