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 ( ) and customized as needed; next month they also will be available in print at or by phone at 888-777-7077.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.