Audit and Accounting Guide: Investment Companies, 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.