Response to the FASB discussion memorandum "Reporting Disaggregated Information by Business Enterprises"

Surveys of and interviews with representatives of various user groups conducted by the AICPA Special Committee on Financial Reporting, the AIMR Financial Accounting Policy Committee, and the authors of the CICA Research Study on Financial Reporting for Segments clearly indicate that users place a high value on segment reporting. Equally clear is that users believe that existing accounting guidance relating to disaggregated disclosures does not provide adequate information for assessing the risk, future earnings, cash flows, and growth potential for multi-segment enterprises. By adopting a standardized consolidating or combined statement reporting format, the Committee believes that the intercompany comparability and intracompany consistency of segmental disclosures will be enhanced.