alleryStart learning →Primary versus secondary format normally rests on internal reporting to whom?
AThe statutory auditor
BThe company registrar
CThe debenture trustee
DBoard and chief executive
Answer & Solution
Correct answer: D. Board and chief executive
The reporting lines to top management show which source of risk predominates, so they decide the formats.
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Related questions
Segment result includes interest expense. Segment liabilities then include what?Each business segment must be described by indicating what?A change in how revenues and expenses are allocated to segments leaves what unchanged?A material segment policy change needs nature and what else?On what basis are inter-segment transfers measured?If geography is primary, what is reported for large business segments?With business segments primary, which geographical segments need secondary revenue data?The reconciliation ties segment result to which enterprise item?