Financial Reporting by Business Line Attracts SEC Scrutiny (1)

Financial reporting of large segment-level expenses was a prominent topic in conversations between Wall Street’s regulator and firms last year, according to an Ideagen Audit Analytics report.

Segment reporting accounted for 18% of US Securities and Exchange Commission comment letter conversations related to financial filings in 2024, the white paper published Tuesday said. That puts segments among the top three issues discussed last year, a higher rank than the topic’s overall trend over the past decade.

The paper focuses on conversations that include multiple comment letters between the SEC and a company related to a review of quarterly or annual ...