Expert Panel - Investment Companies 


    About the Expert Panel

    The Investment Companies Expert Panel serves the needs of AICPA members on financial and business reporting and audit and attest matters. The expert panel protects the public interest by bringing together knowledgeable parties in the investment companies industry to deliberate and come to agreement on key investment companies issues.

    Expert Panel Projects

    To support practitioners who are issuing reports for periods ending on or after December 15, 2012, the AICPA Investment Companies Expert Panel has produced an illustrative auditor’s report on the financial statements of a nonregistered investment company. The illustrative report reflects revisions required by the ASB Clarity Project.
     

    Industry News and Resources

    The SEC recently conducted a national seminar for investment companies and investment advisers, as part of its compliance outreach program. This seminar, geared towards Chief Compliance Officers (CCOs) and other senior management at these firms, covered program priorities for 2014, topics of interest for private fund advisers and registered investment companies, valuation, and the role of the CCO. For more information, click here.

    FASB Accounting Standards Update No. 2013-08 changes the approach for assessment of investment company status, clarifies investment company’s characteristics, and provides guidance for determining whether an entity is an investment company under U.S. GAAP.

    The SEC Office of Compliance Inspections and Examinations announced its 2014 examination priorities for investment advisers and investment companies, broker-dealers, clearing agencies, exchanges and other self-regulatory organizations, hedge funds, private equity funds, and transfer agents.

    Additional Guidance Available


    Past Meeting Highlights

    December 10, 2013

    November 20, 2013

    October 15, 2013

    September 17, 2013

    June 18, 2013

    May 22, 2013

    February 26, 2013

    January 29, 2013

    Archived Meeting Highlights

    Members of the Expert Panel

    Brent Oswald, Chair, KPMG LLP

    Amy Edwards, BlackRock

    Stacey Friday, Federated Investors Inc.

    John T. Hague, McGladrey LLP

    Adeel Jivraj, Ernst & Young LLP

    Robert Kaufman, Kaufman, Rossin & Co, P.A.

    Quintin I. Kevin, Adams Street Partners LLC

    Richard Konzmann, American Capital, Ltd.

    Michael Leary, John Hancock Financial Services

    Paul Ricci, State Street Corporation

    Stephen Sadoski, Fidelity

    Annette Spicker, PricewaterhouseCoopers LLP

    Dale Thompson, BDO USA, LLP

    Maryna Tully, Deloitte & Touche LLP

    Learn more about the Expert Panel members by reading their biographies.


    Staff Contact

    Irina Portnoy, Technical Manager


    Expert Panel Recommended Guidance

    Publications

    CPE and Conferences

    NewsNews

    NewsTraining & Development




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