Happenings at April Board of Directors' meeting.

• Position: Report

Following are some of the more significant actions and events that took place at the AICPA Board of Directors meeting Apr. 1-2:

* Ethics issues as they relate to outsourcing were discussed. Board members provided feedback to the chairs of the Professional Ethics Executive Committee and the Outsourcing Task Force for consideration in future deliberations.

* Chairman of the Board Scott Voynich updated the board on his recent outreach activities, including meetings with representatives of the Federal Bureau of Investigation, the Department of Labor, the Business Roundtable and the Public Company Accounting Oversight Board. He also met with the chairman and chief accountant of the Securities and Exchange Commission; spoke to several state CPA societies; and attended a meeting of the National Center for Youth Issues, an organization that focuses on teaching young people about integrity and ethics and is led by an AICPA member.

* President and CEO Barry Melancon updated the board on, among other things, the computerized CPA exam, the audit quality centers and the financial literacy campaign. He said the computer-based exam was ready to go live on Apr. 5 as scheduled and on budget (The CPA Letter, May), and that the new exam was recognized both in the psychometric community and in the testing community as the best financial business examination in the world. In addition, since its launch two weeks prior, more than 100 CPA firms had enrolled in the Employee Benefit Plan Audit Quality Center. On financial literacy, Melancon elaborated on AICPA financial education initiatives with the General Accounting Office Comptroller General David Walker (see page 1). He also reported that the...