Technical question and answer issued on liquidity restrictions.

AICPA staff has issued a new non-authoritative Technical Practice Aid addressing the potential accounting and auditing implications when a fund or its trustee imposes restrictions on a nongovernmental entity's ability to withdraw its balance in a money market fund or other short-term investment vehicle. The TPA...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT