- US GAAP
ASC 946 provides guidance for "certain activities engaged in by investment companies." ASC 946-10 notes that the the Topic "only provides incremental industry-specific guidance for the entities that meet the assessment of investment company status" described in ASC 946-10-15-4 through 15-9. ASC 946-605 contains its own scope that is separate from the other Subtopics of ASC 946. The scope of ASC 946-605 is defined as "all investment advisers and distributors within the scope of either the Overall Subtopic (see Section 946-10-15) or Subtopic 940-10 (see Section 940-10-15)."