Highlights of Board of Directors' recent meeting.
Position | American Institute of Certified Public Accountants Oct. 4-5, 2002 meeting minutes - Brief Article |
Due to the Sept. 11 terrorist attacks, the AICPA Board of Directors' meeting scheduled for Sept. 13-14 was postponed until Oct. 4-5. Among other actions at its meeting, the board:
* Was briefed on the AICPA's disaster relief efforts in response to the terrorist attacks.
* Approved establishment of a separate, not-for-profit international organization to support greater international use and adoption of XBRL (eXtensible Business Reporting Language). The board also was updated on the XBRL working model and market developments within the U.S. and internationally. More than 120 organizations are contributing to the initiative.
* Received a presentation on the results of a statistically valid member survey on the proposed global business credential, and approved a name for the credential sponsoring organization (see page 3).
* Was updated on CPA2Biz's recent restructuring, site performance and product development.
* Heard about activities relating to the General Accounting Office's exposure draft on independence.
* Was given a progress report on the new CPA Student Recruitment Campaign, which is expected to launch later this month.
* Approved proposed additions and revisions to the Uniform Accountancy Act exposure draft, which at press time the National Association of State Boards of Accountancy Board of Directors was expected to approve. The additions relate to rules for disclosure in connection with offering professional services via the Internet and rules on notification under "substantial equivalency." Revisions were made to the...
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