text: The Jenkins Committee ( named after the chairman ) , a group formed by the AICPA in 1991 to address concerns over the relevance and usefulness of financial reporting , recommended in its 1994 report that standard setters develop a comprehensive reporting model that includes both financial information ( financial statements and related disclosures ) and nonfinancial information ( such as high-level operating data and performance measures used by management , management 's analysis of changes in financial and nonfinancial data , and forward-looking information about opportunities , risks , and management 's plans ) .
  
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  The Jenkins Committee makes sure that all financial reporting is useful , relevant , and complete .