[9391]
November 5, 1997
TO: ACCOUNTING/TREASURERS COMMITTEE No. 43-97
INDEPENDENT ACCOUNTANTS ADVISORY COMMITTEE No. 7-97
RE: MEETING AGENDA - NOVEMBER 13, 1997
______________________________________________________________________________
A draft agenda for the meeting of the Accounting/Treasurers Committee and the
Independent Accountants Advisory Group on November 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.
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
November 13, 1997
AGENDA
I. Tax Items
1. Legislative Update
2. Capital Gains
3. State Tax 30% Test
4. Adviser Tax Issues
II. AICPA Investment Companies Committee Activities
1. New Committee Members
2. Committee Agenda & Subcommittees
3. Audit Guide: Status & Timing
4. FASB "Draft Standard" on Derivatives
ICI Comment Letter
5. Proposed SOP "Reporting on the Costs of Start-up Activities"
III. Subcommittee Reports
1. Accounting Policy Subcommittee
a. Current Projects Update
2. Securities Operations Subcommittee
a. Securities Lending White Paper
b. Emerging Markets Clearance & Settlement
IV. Other Items
1. SEC Letter on Securities Lending
2. NASD NAV Reporting Update
3. SEC CFO Generic Comment Letter
4. "As of" Transaction Monitoring
5. Rule 17f-5 Amendments
6. SEC Adoption of 18f-3 Amendments
7. Fair Value Pricing
8. ICI National Mutual Fund Employment Survey