Audit Committee Matching System 


    Welcome to the Audit Committee Matching System. This system was built for two reasons— for our members to provide them with opportunities to serve on boards of directors, and as a public service to provide a list of qualified, credentialed candidates to serve on boards of directors and presumably the audit committees of those boards.

    AICPA members bring financial expertise, a commitment to a Code of Ethics, knowledge of business processes and a broad business perspective to all endeavors. The AICPA is particularly sensitive to this need as a result of the Sarbanes-Oxley Act of 2002 and the related SEC rules that place certain requirements on the audit committee of boards of directors that had not been there before. A prime example is the audit committee financial expert, defined by the SEC as a person who has the following attributes:

    1. An understanding of generally accepted accounting principles and financial statements;
    2. The ability to assess the general application of such principles in connection with the accounting for estimates, accruals and reserves;
    3. Experience preparing, auditing, analyzing or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the registrant's financial statements, or experience actively supervising one or more persons engaged in such activities;
    4. An understanding of internal controls and procedures for financial reporting; and
    5. An understanding of audit committee functions.

    AICPA members meet this SEC definition, and we believe it is our responsibility as qualified members of the business community to respond to that need.

    But the need for qualified people on audit committees goes beyond SEC registrant companies. Corporate governance best practices should be practiced by all companies whether they are publicly-held or privately owned. In addition, there are thousands of not-for-profit and other organizations that should also be held to the high standards of corporate governance best practices.

    Whether you are our member registering your willingness to be part of an audit committee, or a company or organization searching for a qualified person to serve on your board and audit committee, we hope you find this service useful. Your comments are appreciated at ACMS@aicpa.org.

    Click here to enter the Audit Committee Matching System




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