Clarifications arising from the post-implementation review of IFRS 8
Background
The IASB carries out a post-implementation review of each new IFRS or major amendment. In July 2013, the IASB completed the post-implementation review of IFRS 8 Operating Segments. The final report concluded that the benefits of applying the standard were largely as expected and that overall the standard achieved its objectives and has improved financial reporting. However, the IASB identified a number of issues that could be considered for improvement and that warranted further investigation.
Current status of the project
This project has been concluded. The IASB published Improvements to IFRS 8 'Operating Segments' — Proposed amendments to IFRS 8 and IAS 34 project summary on 28 February 2019 and will not conduct any further work regarding this project.
Project milestones
| Date | Development | Comments |
|---|---|---|
| 18 July 2013 | Report and Feedback Statement Post-implementation Review: IFRS 8 Operating Segments published | Areas for potential improvement and amendment will be considered through the IASB's normal processes |
| May 2015 | Possible clarifications arising from the post-implementation review of IFRS 8 first discussed by the Board | ED expected in March 2017 |
| 29 March 2017 | ED/2017/2 Improvements to IFRS 8 'Operating Segments' (Proposed amendments to IFRS 8 and IAS 34) published | Comments requested by 31 July 2017 |
| 28 February 2019 | Improvements to IFRS 8 'Operating Segments' — Proposed amendments to IFRS 8 and IAS 34 project summary published | The IASB will not conduct any further work regarding this project. |
