At its meeting on March 22, 2018, the International Accounting Standards Board (the Board) decided not to proceed with the following proposals:

1. those relating to the identification of the Chief Operating Decision Maker (CODM);
2. those clarifying how to apply the "similar economic characteristics criterion" for aggregation; and
3. those relating to disclosure of additional segment information that may be provided if it helps an entity meet the core principle in paragraphs 1 and 20 of IFRS 8.

The Board initially supported the following proposals:

1. to require disclosure of the title and description of the CODM role;
2. to assess whether to narrow the scope of the proposal that an entity link its IFRS 8 reportable segments with other parts of the annual reporting package;
3. to clarify the level of detail required to explain the reconciling items in reconciliations of segment disclosures to financial statements; and
4. to require that all interim periods of the current and prior financial years be restated and presented in the first interim report after a change in the composition of reportable segments, unless the information is not available and the cost to develop it would be excessive.

However, the Board decided that, when taken in aggregate, the proposals would not result in sufficient improvements in information to investors to justify the costs that stakeholders would incur if the Board were to amend IFRS 8. Consequently, the Board decided not to amend IFRS 8. Eight Board members agreed with the decision, five disagreed and one was absent.

The staff plan to publish a summary of the feedback and the Board’s response in the second half of 2018.

Review the IASB^® Update and podcast on the Board's Web site.