Volume 4, No. 1

 

A Top 10 List: Ways To Improve Business Reporting:  The American Institute of Certified Public Accountants has sponsored what amounts to a bold effort for an accounting body: to find out what it is that financial statement users want to see in financial reporting. Its "Jenkins Committee" performed extensive questioning of analysts and surveyed volumes of analyst reports and academic literature to develop recommendations regarding business reporting in general, and financial statements in particular. The Committee also addressed the question of how closely auditors should be associated with such information. The results of this committee's work - and the committee's future efforts as well - will possibly influence policy decision-makers at both the FASB and the SEC in future years, so it behooves analysts to understand how their needs are being perceived by others.

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