June 18, 1997
TO: ACCOUNTING/TREASURERS COMMITTEE No. 17-97
INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE No. 4-97
RE: MEETING AGENDA - JUNE 26, 1997
______________________________________________________________________________
A draft agenda for the meeting of the Accounting/Treasurers Committee and the
Independent Accountants Advisory Group on June 26, 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 1:00 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
1401 H Street, NW, Washington
June 26, 1997
AGENDA
I. Antitrust Compliance
II. Tax Items
1. Legislative Update
2. IRS Audit Update
3. Excise Tax Regulatory Reforms
4. Preferential Dividend Issues
III. Subcommittee Reports
1. Accounting Policy Subcommittee
a. Investments in Affiliates Disclosure Examples - Acc/Treas Members No. 14-97
b. Brokerage/Service Arrangements Examples - Acc/Treas Members No. 17-97
c. 19 Distribution Notice Survey - Distributed to Participants 6/12/97
d. Current Projects Update
2. Securities Operations Subcommittee
a. Securities Lending White Paper
b. Fund Participation in Foreign Corporate Actions
not Registered with SEC
c. Emerging Markets Clearance & Settlement
IV. AICPA Investment Companies Committee Activities
1. Audit Guide: Status & Timing
2. Proposed SOP "Reporting on the Costs of Start-up Activities"
a. ICI Comment Letter - Acc/Treas Committee No. 16-97
3. New Committee Members
4. May Committee Meeting with SEC
V. Other Items
1. Euro Currency Conversion - Accounting & Custodial Implications
2. ICI Comment Letter on Amendments to N-1A & Profile
3. NASD NAV Reporting Update
4. Rule 17f-5 Amendments
5. "As of" Transactions & Materiality Standard
6. 1997 Meeting Dates: November 13
Tax & Accounting Conference: September 28 - October 1