Proposed statement of position on accounting for municipal bond funds;Accounting for municipal bond funds; Exposure draft (American Institute of Certified Public Accountants), 1978, Jan. 16

Authors

American Institute of Certified Public Accountants. Accounting Standards Division

Files

Description

A recent development in the investment company industry is the municipal bond fund (or tax-exempt bond fund) in corporate form made possible by the Tax reform act of 1976. This proposed addition to the audit guide presents the Committee's views on accounting and reporting matters and other considerations relating to municpal bond funds. While the discussion of taxes and distribution policies refers specifically to municipal bond funds in corporate form, the discussion of valuation and other matters applies to municipal bond funds in corporate form, partnership form, and unit investment trusts.

Publication Date

1978

Relational Format

Book

Keywords

Accounting -- Standards; Municipal bonds

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Recommended Citation

American Institute of Certified Public Accountants. Accounting Standards Division, "Proposed statement of position on accounting for municipal bond funds;Accounting for municipal bond funds; Exposure draft (American Institute of Certified Public Accountants), 1978, Jan. 16" (1978). Exposure Drafts, Comment Letters, and Statements of Position. 388.
https://egrove.olemiss.edu/aicpa_sop/388