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Post implementation reviews

IASB meeting summaries and observer notes

 IASB May 2012


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

The Board discussed a proposal that the structure of the investigation and reporting phases should reflect the main decisions made when the Board developed IFRS 8. These decisions were:

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

The Board also discussed the proposed structure of a Request for Information (RFI) on the effect of implementing IFRS 8 that the Board expects to issue in July 2012. As part of that discussion, the Board discussed a list of preliminary issues identified for investigation and considered what other investigation tools, in addition to the RFI, could be employed in the PIR process.

All Board members agreed with the staff's proposals.

The Board plans to discuss the post-implementation review of IFRS 8 at its June 2012 meeting when it will consider the preliminary findings of the review of academic literature. At the June meeting, the staff will also request permission from the Board to issue the RFI.

Date: 5/23/2012