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

Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.