Exposure Draft of Proposed Statement of Position Released on Investment Partnerships.

• Position: Brief Article

The AICPA's Accounting Standards Executive Committee has issued an exposure draft of a proposed statement of position, Amendment to Scope of Statement of Position 95-2, Financial Reporting by Nonpublic Investment Partnerships, to Include Commodity Pools. The proposed SOP would include investment partnerships that are commodity pools subject to regulation under the Commodity Exchange Act of 1974 in the scope of SOP 95-2. A final SOP would be effective for...