Actions and events at April Board of Directors' meeting.

• Position: American Institute of Certified Public Accountants

Following are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Apr. 2-4:

* Members of the AICPA Auditing Standards team and other AICPA staff reported on the Auditing Standards Board's issuance of an exposure draft on internal control that was in response to the Sarbanes-Oxley Act.

* An update report on its activities was provided by the Special Committee on Business Reporting, which is charged with collaborating with investors, creditors, regulators, management and other stakeholders to improve the quality and transparency of information used for business decision making. The committee plans to complete its goal within 18 months (see page 2 for related article).

* The board approved recommending to Council: (1) adoption of a proposed bylaw change to permit the Institute to discipline members without subjecting them to multiple investigations whenever they have been disciplined by certain regulatory bodies, (2) adoption of a proposed bylaw change to move forward on activities to provide greater transparency of the disciplinary process, and (3) establishment of an admonishment sanction for the Professional Ethics...