On 18 July 2013, the International Accounting Standards Board published Post-implementation Review: IFRS 8 Operating Segments.
Post-implementation Reviews are conducted by the IASB normally two years after the global application of a new Standard or a significant amendment to an existing Standard. The purpose of the review is to consider whether the new Standard is functioning as anticipated, has achieved its objectives and improved financial reporting. Any resulting actions identified by the review are subject to the normal processes and criteria for adding an item to the IASB’s agenda.
The review of IFRS 8 concluded that the Standard was generally functioning as anticipated.
