New Orleans (Oct. 22, 2003) -- Members of the governing council of the American Institute of CPAs have approved restructuring the audit standards board to include non-CPA members.
The measure, passed Monday, expands the board from 15 to 19 members and adds five representatives from state boards of accountancy to the lineup. The board will continue to set standards for private companies. Audit standard setting for public companies has been taken over by the Public Company Accounting Oversight Board.
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