The AICPA launches its "audit committee matching system" (ACMS) to foster better communication between Institute members and companies (both public and privately held), not-for-profit entities and other organizations in need of candidates qualified to serve on their boards of directors and audit committees. (Audit).

* The AICPA launches its "audit committee matching system" (ACMS) to foster better communication between Institute members and companies (both public and privately held), not-for-profit entities and other organizations in need of candidates qualified to serve on their boards of directors and audit committees. The ACMS, part of a comprehensive Institute program to support audit committee effectiveness in corporate governance, responds to the increased responsibilities--for example, to have financial expertise--the Sarbanes-Oxley Act of 2002 and related SEC rules placed on such committees. Members willing to contribute to this effort their knowledge of finance, commitment to the profession's code of ethics and business processes proficiency can provide information on their background and qualifications by registering with the ACMS at http://acms.aicpa.org/login.asp. As part of its effort to assist audit committees in fulfilling their role, the AICPA also is developing a practical tool kit for members serving on such committees and a competency model for assessing the necessary related skills and knowledge.