IFRS® Standards

Improvements to IFRS 8 Operating Segments (Amend IFRS 8 and IAS 34)


The Accounting Standards Board (AcSB) is participating in the International Accounting Standards Board’s (IASB) project to amend International Financial Reporting Standard (IFRS) 8 Operating Segments and IAS 34 Interim Financial Reporting.

Staff Contact(s)

Michelle Thomas, CPA, CGA

Principal, Accounting Standards Board

Project Status

  • Information gathering

    Completed prior to May 2015

  • Approving project

    The IASB approved the project in May 2015

  • Consulting stakeholders

    IASB Exposure Draft issued in March 2017

    AcSB Exposure Draft issued in April 2017

    Public outreach rook place between March 2017–July 2017

    The AcSB consulted with its advisory committees between April–May 2017

  • Deliberating feedback

    The IASB deliberated comments on their Exposure Draft and decided not to proceed with the amendments proposed.

  • Final pronouncement

    The IASB published a project summary in February 2019. The project summary sets out the IASB’s rationale for not proceeding with the proposals in the Exposure Draft.

Just Released

Read the Project Summary


July 31, 2017


AcSB Response – Improvements to IFRS 8 Operating Segments (Amendments to IFRS 8 and IAS 34)

On July 31, 2017, the AcSB submitted a comment letter to the IASB’s Exposure Draft issued in March 2017. The letter placed emphasis on the importance of globally comparable financial reporting outcomes. Investors rely heavily on segment disclosure and common financial reporting, including information about segments, helps to facilitate efficient capital markets, increase investor confidence, and potentially reduce the cost of capital. The letter acknowledges that challenges have been experienced in practice in applying some of the requirements of IFRS 8. However, it raises concerns with several of the IASB’s proposed amendments to address these issues, specifically whether they will result in improved disclosures in practice. Read the AcSB letter posted by the IASB.

Meeting & event summaries


This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.