The Exposure Draft of a new Statement of Recommended Practice: Financial Statements of Investment Trust Companies and Venture Capital Trusts issued by the AIC on 18 July 2008. The deadline for comments is 17 October 2008.

Guidance to Members as to when they should recognise Back VAT in their financial statements including the various stages of recognition that might apply and the disclosures that might be made.

The AIC's letter to the International Accounting Standards Board on issues relating to Consolidation.

The AIC's response to the International Accounting Standards Board Discussion Paper on Fair Value Measurements.

The AIC's response to the Exposure Draft of proposed amendments to IAS 32 and IAS 1 produced by the International Accounting Standards Board.

The Statement of Recommended Practice for the Financial Statements of Investment Trust Companies issued by the AITC on 21 December 2005.

A commentary for the preparers of the Operating and Financial Reviews and Business Reviews of Investment Trust Companies (revised Feb 2006 following the abolition of the mandatory requirement for an OFR).

This note should be read urgently by all Members who will be preparing final accounts under International Accounting Standards (IAS) either for their current accounting period or for the one immediately following. Although different deadlines apply, it is also of relevance to Members preparing their accounts under UK GAAP.

This paper is intended to provide general guidance to those in the industry who are responsible for preparing for the introduction of IAS.  This is the third update.

This Guidance Note confirms that investment trusts can continue with a three column performance statement under IAS.  However, it will be renamed the "Income Statement" as opposed to the present "Statement of Total Return".

In the lead up to the introduction of IAS in 2005 the AITC will be producing Guidance Notes.  This document is an explanatory note which explains the status of these Guidance Notes.

A report prepared by Deloitte & Touche,in conjunction with the AITC,on the impact of IAS on the annual accounts of investment trusts.

The Statement of Recommended Practice for the Financial Statements of Investment Trust Companies issued by the AITC on 1 January 2003.

A note giving guidance on how and when performance fees should be recognised for the purposes of NAVs provided for the AITC's Monthly Information Release and Monthly Information Sheet.