Mutual Funds


MUTUAL FUNDS
The SEC published a prototype “summary prospectus” for mutual funds. The proposed streamlined prospectus would let investors quickly learn key information about a mutual fund. The proposed prospectus includes:

Investment objectives.

Costs.

Principal investment strategies, risks and performance.

Top 10 portfolio holdings.

Identity of investment advisers and portfolio managers.

Brief purchase, sale and tax information.

Information about broker compensation and conflicts.

The SEC is seeking public comment by Feb. 28. For more information, visit www.sec.gov/investor/enhanceddisclosure.htm.

 

©2008 AICPA

SPONSORED REPORT

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.