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A number of companies voluntarily prepare segment reports beyond what is required by regulation. Given the...

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Accounting

A number of companies voluntarily prepare segment reports beyondwhat is required by regulation. Given the difficulties faced byregulators in developing rules for segment reporting, is regulationreally necessary and/or desirable?

Answer & Explanation Solved by verified expert
3.5 Ratings (401 Votes)
In my opinion rules for segment reporting is essential because 1 It ensures transparency in financial statements Transparency is the cornerstone of financial reporting    See Answer
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