Happenings at Board of Directors' February 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 Feb. 10-11 :

* A report recommending changes to private company financial reporting was presented and discussed (see page 1). (The recommendations, based on an extensive research effort, were also discussed at regional meetings of Council in Mar.).

* Board members heard about the exciting developments in the profession's 360 Degrees of Financial Literacy initiative (see page 4).

* Updates were provided on several activities. Among them, the AICPA's revised study on Social Security (see page 4), progress of the Special Committee on State Regulation, and our comments regarding the PCAOB's proposal on tax services and independence.

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