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Audit Committee Matching System - FAQ |
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What is the purpose of the ACMS?
The ACMS was created for two reasons: (1) as a public service to help those that are searching for qualified people to be on their audit committees, and (2) as an opportunity to give members that are willing to serve on audit committees exposure to those that need their expertise.
How does it work?
AICPA members only may enter their information as a candidate in the system. People that are looking to fill positions (referred to as “searchers”) access the database of members by filling out the search tools built into ACMS. After identifying candidates, it is up to the searcher and the candidate to do the appropriate due diligence to determine if the match is appropriate. (See Terms and Conditions for use of this website.)
Must I complete an entire candidate registration in one sitting?
No. The system will save your uncompleted candidate information for up to 90 days. After 90 days, you will have to start from scratch. If you do not complete your candidate information in one sitting, upon returning to the ACMS you will be asked if you want to complete your registration.
What is the difference between the “Save” and “Submit” function for the candidate form?
When you click on “Save” you are saving the data you have entered into the candidate application form for 90 days. This is used when you have not completed all the information. For your candidate application form to be entered into the system, you need to “Submit” it. Your application is only searchable after it has been submitted, not if it has only been saved.
Is the tool only for use by public companies?
No. The AICPA promotes good corporate governance practices for all organizations whether publicly-traded, privately-owned, not-for-profit, or any other form of organization. As part of that, we encourage independent audit committees and this tool is designed for all candidates and searchers.
How do I conduct a search for a Board/Audit Committee Candidate?
Here are some ways to conduct a search:
Keyword Search Section – If you are looking for a CPA with a particular credential, or other qualifications, enter it in the Keyword Search Section and then click on the search button.
Member Demographics Section – You may prefer to conduct your search by candidate location. If this is your preference, then enter the state you prefer the candidate to be from (the two letter designation for a state is used e.g., for California it is CA) and then click on the search button.
Participation Requirements Section – If you are looking for a particular Board Position or Type of Board indicate by clicking on yes. For example, if you are looking for someone with Audit Committee experience, click on “yes” or if you are looking for someone with both Audit Committee and Public Company experience, click on “yes” for both. And then click on the search button.
After submitting your search criteria, you will be given a list of names that meet the search criteria you have specified and then you would click on the name to obtain the details. At this point, you would review information about the candidates such as their employment history and any other information that may be presented. If you are still interested in a candidate, it is time to reach out to them to begin discussions and complete a due diligence on each other.
What format should my resume be in so that I can load it onto my profile?
The system accepts resumes in Word format only.
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