This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Deloitte comment letter on the IASB's proposed improvements to IFRS 8

Published on: 05 Jul 2017

We have responded to the IASB's Exposure Draft 2017/2, Improvements to IFRS 8 Operating Segments, that was published in March 2017.

We generally agree with the clarifications to IFRS 8 but have concerns with the practicability of the proposed requirement to disclose and justify differences in reportable segments between the financial statements and other parts of an annual reporting package and of the extended list of measures considered to demonstrate ‘similar economic characteristics’ and recommend that a transitional provision be added to allow any change to the impairment testing of goodwill resulting from a change to the identified chief operating decision maker (and, therefore, to the operating segments identified) to be applied prospectively.

In addition, we note that developments in technology enabling a chief operating decision maker to access information tailored to their specifications as and when they need it are not addressed by the exposure draft.

Download the full comment letter below.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.