Investment Companies, 2016 (AICPA Audit and Accounting Guide) - Softcover

AICPA

Softcover

ISBN 10: 1943546800 ISBN 13: 9781943546800

Publisher: John Wiley & Sons, 2017

Synopsis

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 2016 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.

Key Benefits:

• 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

Updates:

• Appendices discussing the new revenue recognition and leases standards
• Appendices discussing common or collective trusts and business development companies

Who Will Benefit:

This comprehensive guide has been designed to be beneficial for a wide range of 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).

About this title

About the Author:

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule–making and standard–setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession′s technical and ethical standards.

The AICPA′s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

About this edition

• Publisher: John Wiley & Sons
• Publication date: 2017
• ISBN 10: 1943546800
• ISBN 13: 9781943546800
• Binding: Paperback
• Number of pages: 656