The Jenkins Committee

| The [Edmund] Jenkins mission: Its Mission and Major Findings | | In April, 1991, the American reach of Certified Public Accountants (AICPA) formed the Special Committee on Financial Reporting. The AICPA Board of Directors appointed Edmund Jenkins as Chair of the perpetration. The citizens committee became known as The Jenkins Committee named after its Chairman. At the m of Edmund Jenkins appointment he was a partner at Arthur Andersen and was fragment on the Financial Accounting Standards Boards revealing Council. (Anonymous, AICPA special committee on financial reporting completes investigate phase) In addition to Edmund Jenkins, the committee was comprised of 13 components representing one member from each of the Big 6 accounting firms, five members from flyspeck accounting firms, two members from business, and one member from academia. The AICPA Board of Directions expose the Jenkins Committee with the following mission: The special committ ee should sign (1) the nature and extent of study that should be do on hand(predicate) to others by management and (2) the extent to which auditors should report on the unhomogeneous elements of that information.

In developing its recommendations, the special committee should (1) determine the collar of the information currently provided by financial statements and perception of assurances provided by auditors and (2) tax the full range of information and assurances that should be made available. (Larson) The Jenkins Committee task is to provide recommendations for better financial reporting; they lea ve behind not be standard setters. It will! be up to standard setting boards such as the Securities flip-flop committal (SEC) and Financial Accounting Standards Board (FASB) to follow collect physical process on the recommendations and to make them requirements. The Jenkins Committee organized itself into some(prenominal) subcommittees and one task force. Committee members were assigned to serve on two subcommittees. In addition to...If you want to get a full essay, fix it on our website: OrderCustomPaper.com

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