Revised illustrative report on internal control available.
The AICPA AICPA
See American Institute of Certified Public Accountants (AICPA). Investment Companies Expert Panel developed a revised
illustrative il·lus·tra·tive
adj.
Acting or serving as an illustration.
il·lus tra·tive·ly adv.
Adj. 1. report on internal control required by the Securities and
Exchange Commission under Form N-SAR Form N-SAR
An SEC form for semiannual and annual filing by registered investment companies with regard to sales charges, 12b-1 fees, sales of shares, portfolio turnover rate, and so forth. . The revised illustrative report
will replace the illustrative report in paragraph 11.16 of the AICPA
Audit and Accounting Guide Investment Companies. The revised
illustrative report is for immediate use. Access the report from
www.aicpa.org/members/div/acctstd/expertpanel_investco.asp.
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