Audit Committee Matching System plan unveiled.

• Position: AICPA News; accounting - Brief Article

The AICPA recently unveiled plans for an Audit Committee Matching System, to be launched later this year.

The Committee will provide members an opportunity to serve on boards of directors, while offering a public service to businesses and nonprofit organizations with a database of CPAs who meet the SEC's definition of an audit committee financial expert, which includes:

* Understanding generally accepted accounting principles and financial statements;

* An ability to assess the general application of such principles in the accounting for estimates, accruals and reserves;

* Experience...