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Post implementation reviews

IASB meeting summaries and observer notes

 IASB June 2012


The IASB discussed the post-implementation review (PIR) of IFRS 8 Operating Segments.

The IASB discussed a request from the staff for permission to publish a Request for Information (RFI) on the effect of implementing IFRS 8. As tentatively agreed at the May 2012 meeting, the structure of the proposed RFI would be based on the key decisions that were made when the IASB developed IFRS 8. These decisions were:

  1. to identify segments based on the management approach;
  2. to measure disclosed line items on the basis used for internal reporting; and
  3. to disclose only those line items regularly reviewed by the chief operating decision maker.

The staff also proposed including further questions in the RFI on the identification of implementation issues and unexpected costs; the disclosure requirements of IFRS 8; and information about respondents. The IASB discussed, and gave comments on, the content and style of the questions proposed.

The IASB agreed to the staff's request to publish an RFI, structured in accordance with the staff's proposals.

The IASB also discussed the preliminary findings of a review of academic literature to May 2012 on the effect of applying IFRS 8. In those discussions the IASB identified some areas in which future academic research would be welcome, such as the effect of the implementation of IFRS 8 on interim reporting.

The IASB plans to discuss this topic again when it has received information in response to the RFI and as a result of planned outreach activities-on the effect of implementing IFRS 8.

Date: 6/14/2012