Calling it a year of "significant transformation" at the American Institute of CPAs, president and chief executive Barry Melancon updated members of the Governing Council on a number of institute initiatives, including progress on the relocation of major AICPA functions to Durham, N.C., advocacy and outreach programs, peer review and the institute's push for private company financial reporting.

Melancon told attendees at the spring meeting of council that 28 managers have already relocated to Durham, and that the key components of the move are moving along the projected time frames.

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