As segment reporting continues to be an ongoing area of concern for the SEC, we compiled a report reviews segment reporting comment letter trends.
With the expected adoption of a significant update to segment reporting requirements before the end of calendar year 2023 or Q1 2024, knowing what the SEC is focusing on can help public companies like yours stay ahead of possible areas of risk.
Here are some highlights we found among other key findings contained in the report:
There are nine main segment reporting topics that the SEC is focused on in comment letters.
Companies should be prepared to ensure segment consistency within filings and with website postings/documents.
Service sector companies received the highest number of segment reporting comment letters.
Read more about other key findings on segment reporting comment letter trends, click here to view and download this MyLogIQ report.