AcSB Exposure Draft – Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)

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Apr 28, 2017

On April 28, 2017, the Accounting Standards Board (AcSB) issued its Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by July 31, 2017.

The proposed amendments:

  • clarify and emphasize the criteria that must be met before two operating segments may be aggregated;
  • require disclosure of the title and role of the person or group that performs the function of the chief operating decision maker;
  • require entities to provide information in the notes to the financial statements if segments in the financial statements differ from segments reported elsewhere in the annual report and in accompanying materials; and
  • require entities that change their segments to provide restated segment information for prior interim periods earlier than they currently do.

Review the Exposure Draft on the AcSB's website.

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