AICPA Supports Improved Business Reporting.

• Position: American Institute of Certified Public Accountants - Brief Article

The AICPA applauds the move toward improved business reporting documented by the Financial Accounting Standards Board's newly released study identifying voluntary disclosures of business information. The FASB study found that companies in various industries are choosing to provide new and different types of meaningful disclosures to investors and others.

The Institute has been a long-time supporter, through the work of its Special Committee on Financial Reporting, of innovative disclosures beyond those required by current financial reporting standards, and encourages additional experimentation to meet the needs of users of business information. Particularly useful disclosures would include:

* More forward-looking information.

* Non-financial disclosures about the drivers of long-term earnings (for example, customer relationships, product and service quality, employee know-how, productivity and...