March 4, 1997
TO: ACCOUNTING/TREASURERS COMMITTEE No. 6-97
INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE No. 2-97
RE: MEETING AGENDA - MARCH 13, 1997
______________________________________________________________________________
A draft agenda for the meeting of the Accounting/Treasurers Committee and the
Independent Accountants Advisory Group on March 13, 1997 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.
Gregory M. Smith
Director - Operations/
Compliance & Fund Accounting
Attachment
INVESTMENT COMPANY INSTITUTE
ACCOUNTING/TREASURERS COMMITTEE
1401 H Street, NW, Washington
March 13, 1997
AGENDA
I. Tax Items
1. IRS Audit Update
2. Legislative Update
3. Preferential Dividend Issues
4. Proposal to Treat Repurchase Agreements Secured by US Government
Obligations as Government Securities for Asset Diversification Purposes
II. Subcommittee Reports
1. Accounting Policy Subcommittee
a. Restricted Securities Disclosure Examples
b. Investments in Affiliates Disclosure Examples
c. Expense Gross-up - Rule 6-07 of Regulation S-X
d. 19 Distribution Notice Survey
2. Securities Operations Subcommittee
a. Securities Lending White Paper
b. Fund Participation in Foreign Corporate Actions
not Registered with SEC
c. Emerging Markets Clearance and Settlement
III. AICPA Investment Companies Committee Activities
1. Audit Guide: Status & Timing
2. Accounting for Deferred Charges by Adviser/Underwriter
3. SAS 81 - Auditing Investments
4. Practice Issues
IV. Other Items
1. SEC Proposed Amendments to N-1A & Profile
2. NASD NAV Reporting Update
3. SEC Adoption of S-X Rule 4-08(n) Requiring Enhanced
Financial Statement Footnote Disclosure for Derivatives
4. ICI Meetings with FAF/FASB
5 ERISA Limited Scope Audit
6. SEC Proposed Amendments to Money Fund Yield Formula
7. ICI Valuation & Liquidity Issues Paper
8. 1997 Meeting Dates: June 26, November 13
Tax & Accounting Conference: September 28 - October 1