[10758]
February 25, 1999
TO: ACCOUNTING/TREASURERS COMMITTEE No. 5-99
INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE No. 2-99
RE: MEETING AGENDA - MARCH 4, 1999
______________________________________________________________________________
A draft agenda for the meeting of the Accounting/Treasurers Committee and the Independent
Accountants Advisory Group on March 4, 1999 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
March 4, 1999
DRAFT
AGENDA
I. Tax Items
Legislative Update
Disclosure to Investors on Taxes
Advisor Deductibility of Fund Start-up Costs
IRS Audits of Fund Distributors
IRS Business Plan
French Tax Credits
II. Subcommittee Reports
1. Accounting Policy Subcommittee
a. New Members
Current Projects Update
2. Securities Operations Subcommittee
Settlement Procedures During Broker Collapse in Selected Markets
Proxy Voting for ADRs, GDRs & EDRs
Compliance Items
Y2K Meeting with SEC Staff
SEC Examination of Best Execution
Malaysia
NYSE Closing Price Issues
“Total Assets” for Prospectus Compliance Purposes
CFO Generic Comment Letter
IV. AICPA Investment Companies Committee Activities
Audit Guide
Summary of Comments Received
Summary of March 1-2 Meeting
V. Other Items
NASD NAV Reporting Update
FASB Fair Value Project
ISB Standard No. 1
SEC Fund Governance Roundtable