PracticeConsultingGuidance for OEIC accounts.

Guidance for OEIC accounts.

The English ICA has welcomed proposals in draft rules for accounting for open-ended investment companies which would cut ‘needless diversity’. The institute said clear guidance on the treatment of set-up costs must be included to help those who prepare and use OEIC’s financial statements. Additionally, it called for regulations relating to auditors’ reports to be simplified, bringing them more into line with those required for other companies.

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