AICPA Governmental Audit Quality Center Flourishes


The AICPA Governmental Audit Quality Center (GAQC) recently celebrated its one-year anniversary. Its more than 450 members—from every state, the District of Columbia, Puerto Rico and the U.S. Virgin Islands—audited approximately 77% of the federal expenditures covered in single audits CPA firms performed in 2003, the most recent year for which complete data exist. Membership information is available at www.aicpa.org/GAQC for firms that perform audits of governmental, not-for-profit or certain for-profit organizations under Government Auditing Standards or single audits.

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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.