[10474]
November 12, 1998
TO: ACCOUNTING/TREASURERS COMMITTEE No. 49-98
INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE No. 12-98
RE: MEETING AGENDA - NOVEMBER 19, 1998
______________________________________________________________________________
A draft agenda for the meeting of the Accounting/Treasurers Committee and the Independent
Accountants Advisory Group on November 19, 1998 is attached. The meeting will be held at the offices
of the Investment Company Institute, 1401 H Street, N.W. in Washington. The meeting is scheduled to
begin at 10:00 a.m. in the Silver conference room which is located on the twelfth floor. Lunch will be
served and the meeting should end no later than 2:00 p.m. Please contact the undersigned if there are
any additional issues you would like to discuss at the meeting.
Gregory M. Smith
Director - Operations/
Compliance & Fund Accounting
Attachment
INVESTMENT COMPANY INSTITUTE
ACCOUNTING/TREASURERS COMMITTEE
November 19, 1998
AGENDA
I. Tax Items
Legislative Update
Disclosure to Investors on Taxes
Advisor Deductibility of Fund Start-up Costs
IRS Audits of Fund Distributors
Tax Reporting for Widely Held Fixed Investment Trusts
Tax Comments on Investment Company Audit Guide
Year-end Tax Reporting Procedures
Electronic Submission of Tax Forms
II. AICPA Investment Companies Committee Activities
SEC Dear CFO Generic Comment Letter
Euro Considerations
III. Subcommittee Reports
1. Accounting Policy Subcommittee
a. Audit Guide
Premium Amortization Cost Survey
Current Projects Update
2. Securities Operations Subcommittee
Securities Lending White Paper
Settlement Procedures During Broker Collapse in Selected Markets
Proxy Voting
IV. Other Items
Fund Expenses
Malaysia
FASB - Adviser Accounting for Offering Costs Paid on
Behalf of Funds
Year 2000
Form ADV-Y2K
Agreed Upon Procedures – TA-Y2K, BD-Y2K
5. NASD NAV Reporting Update