Investment Companies- AICPA Audit and Accounting Guide (With Conforming Changes as of May 1, 2007)

FROM THE PUBLISHER: For the latest information on audits of investment companies, turn to this guide. Updated with conforming changes as of May 1, 2007, it includes guidance in planning and performing audits under the new Risk Assessment Standards (SAS 104-111), as well as auditor's responsibilities identifying and reporting internal control deficiencies as redefined by SAS 112. Includes important updates on FASB statements 157 and 159 on Fair Value, plus guidance on FIN 48 and Fin 46r.The Guide delivers "how-to" advice for handling almost every type of financial statement. It describes relevant matters, conditions, and procedures unique to the investment industry, and illustrates treatments of financial statements and reports to caution auditors and accountants about unusual problems.