Management


The Institute released AICPA Audit Committee Toolkit: Not-for-Profit Organizations and AICPA Audit Committee Toolkit: Government Organizations, which are comprehensive sets of best practices for, among other things, understanding internal controls, conducting meetings with company executives and making the audit committee charter a tool for managing committee responsibilities and documenting performance. These resources complement a similar one the Institute has developed for public companies. All the toolkits can be downloaded free at the AICPA Audit Committee Effectiveness Center ( www.aicpa.org/audcommctr ) and customized as needed; next month they also will be available in print at www.cpa2biz.com or by phone at 888-777-7077.

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.