Investment Companies - AICPA Audit and Accounting Guide 
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
- Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Intermediate
- Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Advanced
- Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Intermediate
- Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Advanced
- Financial accounting & reporting: Technical: FASB financial accounting & reporting: Fair value, Intermediate
- Financial accounting & reporting: Technical: FASB financial accounting & reporting: Fair value, Advanced
- Assurance: Technical: Audit: Authoritative guidance, Intermediate
- Assurance: Technical: Audit: Authoritative guidance, Advanced
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