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.


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