Document Type

Article

Publication Date

1966

Abstract

Review of accountants' certificates filed under paragraph (a)(5) of Rule 206(4)-2 under the Investment Advisers Act of 1940, which requires that at least once a year an independent public accountant shall verify by actual examination all funds and securities of clients held by an investment adviser, indicates a wide variation in the scope of the examinations made and the content of the accountants' certificates. Under the circumstances, the Securities and Exchange Commission deems it appropriate to describe the nature of the examination to be made and the content of the accountant's certificate.

Relational Format

article

Series Title

Accounting Series Release No. 103;Investment Advisers Act of 1940 Release No. 201

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