The Financial Accounting Foundation is looking for accountants who are interested in participating in a post-implementation review of how well an accounting standard for reportable operating segments has worked.
The FAF, which oversees the Financial Accounting Standards Board, has been conducting post-implementation reviews lately of some of FASB’s older accounting standards. In January, it published a post-implementation review of Financial Interpretation 48, Accounting for Uncertainty in Income Taxes (see
FAS 131 establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports issued to shareholders. It also establishes standards for related disclosures about products and services, geographic areas, and major customers.
As part of the post-implementation review process, the FAF is seeking interested stakeholders who would like to be considered to participate in a survey on the effectiveness of FAS 131, which has been codified in Accounting Standards Codification Topic 280, Segment Reporting. The FAF said it is interested in hearing from users, preparers, auditors, academics, and regulators who are affected by the standard.
To participate in the post-implementation review survey,
