801.28 Nature of Operations FASB ASC 972-235-50-1
requires CIRA financial statements to disclose the entity for which the
CIRA provides services, the areas it controls, and the number of units
in the CIRA
In most cases, those disclosures will satisfy the requirements of FASB ASC 275 (formerly SOP 94-6) to disclose the nature of operations. If a CIRA has significant revenue from nonmembers, however, FASB ASC 275 (formerly SOP 94-6) also requires disclosure of the relative importance of that segment of the CIRA's operations.