Global Standards for the world economy

Friday 26 May 2017

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IASB meeting summaries and observer notes

 IASB January 2013


The IASB discussed the staff’s summary of information received in response to the IASB’s Request for Information (RFI) Post-implementation Review: IFRS 8 Operating Segments. The RFI was published for public comment in July 2012; the comment letter period ended on 16 November 2012.

The papers presented to the IASB for discussion were:

a. Comment letter analysis and summary of outreach conducted
b. Review of academic literature to December 2012; and
c. Appendices: Summary of relevant literature to December 2012.

The feedback reported to the IASB was based on:

a. the staff’s preliminary analysis of the 62 comment letters received;
b. feedback received from outreach activities undertaken by members and staff of the IASB; and
c. the findings of a review of academic literature to December 2012 on the effect of applying IFRS 8.

The papers did not include any staff recommendations and the IASB was not asked to take any technical decisions. The IASB reaffirmed the staff view that they had now received sufficient information for the IASB to report on its post-implementation review of IFRS 8.

Next steps

The IASB requested that the staff should prepare a feedback statement on the information received from the post implementation review of IFRS 8 for presentation at a future IASB meeting.


Date: 1/29/2013