SIA Submits Comments to the AICPA and the FASB on Block Discounts
Published on:
August 3, 2000
The Dealer Accounting Committee of the Securities Industry Association (SIA)* provide comments to the American Institute of Certified Public Accountants (AICPA) Accounting Standards Executive Committee and the Financial Accounting Standards Board (FASB) on the revised draft of the AICPA audit and accounting guide, Audits of Investment Companies. SIA shares its concerns by the provisions of the AICPA’s guide which relate to “block discounts.”
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.