IFRS® Standards

Exposure Draft, Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)


The Accounting Standards Board (AcSB) proposes, subject to comments received following exposure, to incorporate into Part I of the CPA Canada Handbook – Accounting, amendments to IFRS 8 Operating Segments and IAS 34 Interim Financial Reporting.

Staff Contact(s)

Rebecca Villmann, CPA, CA, CPA (Illinois)

Director, Reporting Initiatives and Research


The International Accounting Standards Board (IASB) recently issued an Exposure Draft, “Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)” that is available on the IASB website at www.ifrs.org. The proposed amendments:

  • clarify and emphasize the criteria that must be met before two operating segments may be aggregated;
  • require disclosure of the title and role of the person or group that performs the function of the chief operating decision maker;
  • require entities to provide information in the notes to the financial statements if segments in the financial statements differ from segments reported elsewhere in the annual report and in accompanying materials; and
  • require entities that change their segments to provide restated segment information for prior interim periods earlier than they currently do.

The IASB’s Exposure Draft includes Basis for Conclusions documents that are not part of this Exposure Draft. The Basis for Conclusions documents may provide useful information to stakeholders.