Highlights of Board of Directors' February meeting.

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Here are some of the more significant actions and events that took place at the AICPA Board of Directors' meeting Feb. 8-9:

* President and CEO Barry Melancon briefed board members on a number of professional matters. Among the issues covered were: establishment of the Center for Audit Quality (www.thecaq.org) to address the needs of auditors of public companies; a renewed strategic planning process that will focus on such long-term issues as education, passing the CPA Exam, recruitment, succession and the effects of the baby boom generation's retirements; and the ongoing successful transitioning of positions and activities to the Durham, N.C., office.

* A summit meeting with the National Association of State Boards of Accountancy was discussed. Mobility was a major topic of that meeting, which reaffirmed that both organizations are on the same track and agree that the...

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