Implementation guidance for private investment companies (non-registered) to be developed shortly. (accounting & auditing news).

The AICPA AICPA

See American Institute of Certified Public Accountants (AICPA). has created a task force to develop guidance related to the implementation by private investment companies of certain provisions of the AICPA Audit and Accounting Guide Audits of Investment Companies. The guidance will relate primarily to the method of disclosing financial statement highlights by non-registered investment companies.

To the extent that such guidance is developed, it would be issued in the form of a Technical Practice Aid this month or by Jan. 4, 2002, at the latest. The guidance will be available on the AICPA Web site at:

www.aicpa.org/members/div/acctstd/general/othitem.htm

To follow the status of the project, visit the above Web site or email Fabiola Fabiola refers to:

the place Fabiola, a town in Ecuador
the novel Fabiola (1854) by Cardinal Nicholas Wiseman

the following persons:

Saint Fabiola

Ferrer Ferrer is a surname known in many countries. The name itself is a mutation of the Latin word Ferrarius, meaning iron-worker or smith; for this reason, the crests of the various branches of Ferrer nobles and knights always include horse shoes. at fferrer@aicpa.org See .org.

(networking) org - The top-level domain for organisations or individuals that don't fit any other top-level domain (national, com, edu, or gov). Though many have .org domains, it was never intended to be limited to non-profit organisations.

RFC 1591. .

COPYRIGHT 2001 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	CPA Letter
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Dec 1, 2001
Words:	119
Previous Article:	Practice aid to be released on business combinations. (accounting & auditing news).(Brief Article)
Next Article:	SOP Issued for reporting on AIMR standards. (accounting & auditing news).(Statement of Position 01-4)(Association for Investment Management and...
Topics:	Auditing Standards Investment companies Achievements and awards

Related Articles
New AICPA audit and accounting guide for NPOs. (nonprofit organizations) (includes related article on audits of educational institutions)
New SAS on investments parallels FASB statements. (Statement on Auditing Standards no. 81, "Auditing Investments"; Financial Accounting Standards...
The CPA as fraud-buster. (fraud auditing standard) (includes case study)
A declaration of independence.(CPA Independence Standards Board)
now available.(Brief Article)
New world order: as the PCAOB takes shape, the AICPA's role is blurred.(Public Company Accounting Oversight Board's responsibility for...
The auditor's approach to fair value: SAS no. 101 expands auditors' role in assessing fair value measurements.
Ask FERF (financial executives research foundation) about ... recent regulatory highlights.(Resources)
Assessing and responding to risks in a financial statement audit: auditors must leave a clear record in private company audits.
Guidance for audit standards for nonissuers that took effect on or after December 15, 2006.(Assessing and Responding to Risks a Financial Statement...