AICPA Audit and Accounting Guide: Investment Companies

  • 16h 2m
  • John Wiley & Sons (US)
  • 2018

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.

Updates include:

  • 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.

In this Book

  • Overview of the Investment Company Industry
  • Investment Accounts
  • Financial Instruments
  • Capital Accounts
  • Complex Capital Structures
  • Taxes
  • Financial Statements of Investment Companies
  • Other Accounts and Considerations
  • Unit Investment Trusts
  • Variable Contracts—Insurance Entities
  • General Auditing Considerations,
  • Independent Auditor's Reports and Client Representations
  • Glossary