Fund Accounting & Financial Reporting Content

The Public Company Accounting Oversight Board (PCAOB) recently issued a proposal for public comment, which would amend auditing standard AS 2405 pertaining to an auditor's responsibility in assessing a company's noncompliance with laws and regulations, including instances of fraud...

On 5 July, the Financial Stability Board (FSB) and International Organization of Securities Commissions (IOSCO) each published consultations on liquidity risk management in open-ended funds (OEFs). The FSB and IOSCO are accepting feedback on the consultations by 4 September.

The Office of Information and Regulatory Affairs released the Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions on June 13, 2023. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

Notice 2023-36 invited public comment on recommendations for Treasury's 2023–2024 Priority Guidance Plan. ICI submitted the attached letter largely based on prior recommendations except for an addition regarding Inflation Reduction Act provisions on non-regulated investment companies...

ICI Global coordinated the twelve national, regional, and global industry associations that made a submission to the Australian Government addressing substantial concerns with a draft proposal to require multinational tax transparency through public country-by-country (CbC) reporting.

At ICI's 2023 Leadership Summit, SEC Chair Gensler delivered remarks which focused on fund dilution and liquidity and how it relates to financial stability, outstanding SEC rule proposals related to money market funds and liquidity risk management, hard close, and swing pricing, and...

On May 22, ICI submitted the attached letter supplementing our comments on the Commission's proposed amendments ("Proposal") to Rule 35d-1 under the Investment Company Act of 1940 ("Names Rule").

ICI is pleased to announce publication of its white paper, Reaching the Debt Limit: Certain Fund Operational and Legal Considerations. If the US debt limit is not increased in a timely and orderly fashion, the US Government may be considered in default on its obligations as they...

On February 15, 2023, the Securities and Exchange Commission (the "Commission") adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date ("T+2") to one business day after the trade date...