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.

SPONSORED REPORT

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

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