Post-implementation review — IFRS 8
The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.
The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:
- to review the important issues that had been identified as contentious during the development of the pronouncement
- to consider any unexpected costs or implementation problems that have been encountered.
This page covers the IASB's post-implementation review of IFRS 8 Operating Segments.
Current status of the project
The post-implementation review process for IFRS 8 was initiated in the first quarter of 2012. A Request for Information Post-implementation Review: IFRS 8 Operating Segments was issued in July 2012. A report summarising the outcomes from the review is expected to be issued in the second quarter of 2013.
|October 2011||IFRS 8 post-implementation review added to the IASB agenda
||Commencement expected late 2011|
|19 July 2012||Request for Information Post-implementation Review: IFRS 8 Operating Segments released||Comment deadline 16 November 2012|