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Request for Information on Post Implementation Review of IFRS 8

On 20 July 2012, the International Accounting Standards Board (IASB) began the public part of its review of IFRS 8 Operating Segments by publishing for comment a Request for Information (RFI) on the effect of implementing the standard. The review seeks feedback on whether the standard is functioning as intended, as well as more practical information on the challenges and costs associated with implementing the standard.

In 2007, the Trustees of the IFRS Foundation, responsible for governance and oversight of the IASB, introduced a requirement for the IASB to conduct a post-implementation review of each new standard or major amendment of a standard, two years after the effective date. The Standard on Operating Segments is the first to be reviewed under this new process. The IASB will use this review to refine its methodology for undertaking future reviews, with its Business Combination Standard being the next review planned.

In addition to the RFI, the IASB is also undertaking a broad range of outreach activities internationally to gather further feedback on the effect of implementing IFRS 8. For more information, please visit http://www.ifrs.org/Home.htm.

To download the RFI, click here.

We welcome any interested parties to review this document and provide us your comments. The deadline to submit your comments to us is 16 October 2012.

Please click here to Comment Online. Alternatively, you may email us your comments with your contact details at This email address is being protected from spambots. You need JavaScript enabled to view it. .