EFRAG calls for evidence of experiences with IFRS 8, will offer outreach events
Jul 28, 2012
In order to prepare a response to the Request for Information that the IASB issued as part of the post-implementation review (PIR) of IFRS 8 'Operating Segments', the European Financial Reporting Advisory Group (EFRAG) is calling for evidence from preparers, users, auditors and academics across Europe. EFRAG has also announced that it will be organising events across Europe in partnership with National Standard Setters and in association with user organisations.
On 19 July 2012, the International Accounting Standards Board (IASB) initiated the public consultation phase of IFRS 8 Operating Segments post-implementation review (PIR) process by publishing for comment a Request for Information (RFI) on the effect of implementing the standard.
In order to support the IASB, EFRAG encourages European users to complete the questionnaire published by the IASB. However, EFRAG has also developed a supplemental questionnaire that European constituents can use to share their practical experiences with IFRS 8. EFRAG would also like to receive examples of practices that are perceived as particularly noteworthy. EFRAG will use evidence supplied by constituents as the basis for its response to the IASB and as basis outreach events to be organised in partnership with the National Standard Setters and with the participation of the IASB.
Please click for more information and access to the questionnaire in the press release on the EFRAG website.