The identification of operating and reportable segments may be affected by changes in facts and circumstances. For example, a change in the management approach and resulting segment disclosures may result from changes in senior management, significant acquisitions, and significant dispositions as well as changes in the products and services offered by the entity or changes in the entity’s geographic footprint. As discussed in Section 1.7, effective ICFR is necessary to support an entity’s judgment in applying segment guidance and to monitor for changes in the management approach or changes to other facts and circumstances that might result in different segment reporting.
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This publication provides comprehensive guidance; however, it does not address all possible fact patterns, and the guidance is subject to change. Consult a Deloitte & Touche LLP professional regarding your specific issues and questions.