Why this is mistaken
Apply Topic 280's current disclosure package to in-scope public entities, including those with one reportable segment. Reconcile management measures to consolidated reporting and preserve the evidence used by the CODM.
Where to watch
When this mistake may appear
- Management reports one segment.
- Segment amounts resemble the consolidated statements.
Check your work
Your work may contain this mistake if:
- Omits the note because there is nothing to compare.
- Skips CODM identity and use of measures.
- Ignores significant expenses, other segment items, and interim requirements.