now available.

• Position: Review

New Edition. Audits of Investment Companies - Audit and Accounting Guide (Revised) (No. 012364CPA01) will help CPAs in investment companies prepare financial statements in conformity with GAAP, and assist independent auditors in performing efficient and effective audits on those financial statements. Covering those aspects of accounting and auditing unique to investment companies, the guide provides new guidance on accounting for offering costs, amortization of premium or discount bonds, liabilities for excess expense plans, reporting complex capital structures, payments by affiliates, financial statement presentation and disclosures for investment companies and nonpublic investment partnerships.

The guide will be effective for fiscal years beginning after Dec. 15, 2000. It replaces the current AICPA Audit & Accounting Guide Audits of Investment Companies, which was issued in 1987 and updated only for conforming changes. Price: $39.95 member; $49.95 non-member.

Control Objectives for Net Centric Technology (No. 093015XDCPA01), an Information Systems Audit and Control Association publication, is a four-volume set offering a completely new way of thinking for the effective application of information technology over an enterprise's knowledge base, goal base and monitoring base. The ability to communicate immediately and concisely in a global environment using Net Centric Technology, utilizing generally accepted and comprehensive control objectives, has become...