Highlights of Board of Directors' January meeting.

Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Jan. 29-30:

* AICPA President and CEO Barry Melancon reported on the Institute's response to issues facing CPAs and the public as a result of the economic downturn, including the newly launched AICPA Economic Crisis Resource Center, enhancements to the CPA Job Finder program and the work of the AICPA Benevolent Fund to assist members in financial distress.

* Several agenda items at the meeting addressed the high-priority "CPA pipeline" issue. In his report, Board Chairman Ernie Almonte described progress on the AICPA Leadership Academy, which will offer leadership development for CPAs between the ages of 25 and 35. The academy's first class is set to take place in July. In addition, the Institute's vice president of students, academics and membership discussed steps being taken to maintain a steady flow of new CPAs. Given the profession's commitment to increasing diversity among CPAs, representatives from the National Association of Black Accountants were asked to provide an update to the board as well.

* Staff members from the AICPA Washington office briefed the board on some of the changes to be expected under President Obama's administration, including likely steps to improve regulation. The board also heard updates on the Institute's steps to advocate on behalf of the profession and the public interest regarding important tax and pension legislation.

* Melancon discussed a letter he sent...

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