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Mutual funds -- Auditing -- Standards -- United States; Mutual funds -- United States -- Accounting; Small business investment companies -- United States -- Accounting; Hedge funds -- United States -- Accounting; Partnership -- United States -- Accounting
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Full-Text Articles in Business
Proposed Statement Of Position : Financial Reporting For Investment Partnerships : Proposed Amendment To Aicpa Audit And Accounting Guide Audits Of Investment Companies ;Financial Reporting For Investment Partnerships : Proposed Amendment To Aicpa Audit And Accounting Guide Audits Of Investment Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1993, Sept. 15, American Institute Of Certified Public Accountants. Investment Companies Committee
Proposed Statement Of Position : Financial Reporting For Investment Partnerships : Proposed Amendment To Aicpa Audit And Accounting Guide Audits Of Investment Companies ;Financial Reporting For Investment Partnerships : Proposed Amendment To Aicpa Audit And Accounting Guide Audits Of Investment Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1993, Sept. 15, American Institute Of Certified Public Accountants. Investment Companies Committee
Exposure Drafts, Comment Letters, and Statements of Position
This proposed statement of position (SOP) would amend the Audit and Accounting Guide Audits of Investment Companies (the Guide) to provide guidance on financial reporting by investment partnerships for disclosures of investments, income, and partners' capital. It would require: 1. Including a list of investments in securities, as illustrated in the guide for management investment companies, with financial statements prepared in accordance with generally accepted accounting principles (GAAP). 2. Presenting a statement of operations in the format illustrated in the Guide. 3. Accounting for performance fees in accordance with partnership agreements and disclosing the amounts of and how such fees …