CHAPTER 1-INTRODUCTION
a) Business Reporting: A Cornerstone
b) Business Reporting in an Era of Change
c) The Need for Reporting Standards
d) A Focus on Users -The Customers of Business Reporting
e) Balancing Costs and Benefits
f) Recommendations
g) Organization of This Report
h) Other Materials by the Committee


CHAPTER 2 - THE COMMITTEE'S STUDY OF USERS' NEEDS FOR INFORMATION
a) Types of Users
b) The Study
c) Areas for Further Study
d) Analyzing the Data
e) Limitation
f) Conclusion


CHAPTER 3 - THE INFORMATION NEEDS OF USERS
a) Objectives and Approaches of Users
b) Diversity of Users' Needs for Information
c) Concepts Underlying Users' Needs for Information
d) Types of Information That Users Need
e) Sources of Information
f) Qualitative Aspects of Information in Business Reporting
g) Descriptions of Users' Needs for Information
h) Included Elsewhere in This Report


CHAPTER 4 - BENEFITS AND COSTS

a) Analysis of Generic Benefits and Costs
b) Applying the Committee's Approach
c) Conclusion


RECOMMENDATIONS

CHAPTER 5 - IMPROVING THE TYPES OF INFORMATION IN BUSINESS REPORTING
a) Recommendation 1: A Comprehensive Model of Business Reporting
b) The Committee's Comprehensive Model of Business Reporting
c) Recommendation 2: Understanding Costs and Benefits


CHAPTER 6 - FINANCIAL STATEMENTS AND RELATED DISCLOSURES
Recommendations to Improve Financial Statements
a) Recommendation 1: Business Segment Information
b) Recommendation 2: Innovative Financial Instruments
c) Recommendation 3: Off-Balance-Sheet Financing Arrangements
d) Recommendation 4: Core and Non-Core Activities and Events
e) Recommendation 5: Measurement Uncertainties
f) Recommendation 6: Quarterly Reporting
g) Recommendation 7: Less Relevant Disclosures
h) Other Recommendations
i) Lower Priority Issues
j) Changes Rejected Because the Costs Exceed the Benefits


CHAPTER 7- AUDITOR ASSOCIATION WITH BUSINESS REPORTING
a) The Auditor's Current Role in Business Reporting
b) Users' Needs for Auditor Involvement with Business Reporting
c) Recommendations to Improve Auditor Involvement with Business Reporting
d) Recommendation 1: Flexible Auditor Association
e) Recommendation 2: Association with All Elements in the Comprehensive Model
f) Recommendation 3: Analytical Commentary in Auditor's Reports
g) Recommendation 4: Projects on Other Matters


CHAPTER 8 - FACILITATING CHANGE IN BUSINESS REPORTING
a) Recommendation 1: The Information Needs of Users
b) Recommendation 2: International Accounting Standards
c) Recommendation 3: Unwarranted Litigation
d) Recommendation 4: Experimentation
e) Recommendation 5: Longer Term Focus
f) Recommendation 6: Availability of Information
g) Recommendation 7: Coordinating Committee
h) Conclusion


APPENDICES



• I- SUMMARY OF RECOMMENDATIONS
  
• II- A MODEL OF BUSINESS REPORTING
  
• III- FAUXCOM INC. AN ILLUSTRATION OF BUSINESS REPORTING
  
• IV- BACKGROUND ABOUT THE COMMITTEE AND ITS WORK
  
• V- OVERVIEW OF THE COMMITTEE'S DATABASE
  

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