Improving Disclosures: The FASB Wants To Revise Pension Notes: The FASB received some friendly advice from the AICPA several years ago, in the form of a special report on financial reporting and the needs of financial statement users. One of the points made in the AICPA special report: find redundant disclosures and eliminate them. Shortly afterwards, the Board began a project to improve footnote disclosures in selected areas. The first areas of scrutiny are the disclosures for pensions and other postretirement benefits. What emerges from the exposure draft for a proposed standard: a net gain for financial statement users. The proposed changes to the disclosures would chuck some useless details, and add some far more useful information for users.