Accounting and Valuation
Audit and Attest
ICI and IDC Comment Letter on the PCAOB Metrics Docket
On June 7, 2024, the Investment Company Institute and Independent Directors Council filed a joint...
ICI and IDC Supplemental PCAOB NOCLAR Comment Letter
March 18, 2024—The Investment Company Institute and Independent Directors Council filed a joint...
ICI and IDC Joint Comment Letter to the PCAOB's Proposed Amendments
On August 7, 2023, the Investment Company Institute and Independent Directors Council filed a joint...
FASB Issues
ICI Comments on FASB Technical Changes to Topics 820 and 946 (pdf)
FASB Proposal to Change Accounting for Investments in Funds
The Financial Accounting Standards Board (FASB) recently released a proposal that will change how...
ICI Comments on FASB Recognition and Measurement of Financial Instruments Proposal (pdf)
Financial Reporting
Interval Fund Repurchase Timeline
Through a series of white papers, the ICI Broker/Dealer Advisory Committee’s (BDAC) Interval Funds...
ICI and IDC Comment Letter on the PCAOB Metrics Docket
On June 7, 2024, the Investment Company Institute and Independent Directors Council filed a joint...
ICI and IDC Supplemental PCAOB NOCLAR Comment Letter
March 18, 2024—The Investment Company Institute and Independent Directors Council filed a joint...
IFRS Issues
ICI Comment Letter on SEC Staff Paper Describing Possible Approach for Incorporating IFRS Into U.S. Financial Reporting System (pdf)
Switching to International Accounting Standards Wouldn’t Likely Benefit U.S. Fund Investors, ICI Tells SEC
A key issue for ICI’s Operations team is regulator interest in harmonizing worldwide accounting...
Institute Responds to SEC Request for Information on Application of IFRS to Funds (pdf)
SEC Yield and Total Return
ICI Shares Its Retail Investor Priorities with New SEC Chair
Washington, DC, April 14, 2025—Investment Company Institute (ICI) President and CEO Eric J. Pan sent...
ICI Comment Letter to SEC Chair Atkins on Investor Priorities
April 11, 2025—ICI President and CEO Eric J. Pan today submitted a letter to SEC Chair Atkins...
ICI Statement on Paul Atkins’s Confirmation as SEC Chairman
April 9, 2025—ICI President and CEO Eric Pan issued a statement in response to the U.S. Senate...
Valuation
An Introduction to Fair Valuation (pdf)
Summary of Recent ICI Research on First-Mover Advantage, Dilution, and Systemic Risk in Open-End Funds (pdf)
ICI Follow-Up Letter to SEC on Rule 15c2-11 and Rule 144A Debt Securities
On October 25, ICI submitted the attached follow-up letter to SEC Chair Gary Gensler on the...