24 Aug. 2012
AASB to Host IASB Outreach on Request for Information Post-Implementation Review: IFRS 8 Operating Segments
You are invited to nominate a representative to attend an IASB discussion forum hosted by the AASB to discuss the IASB’s Request for Information (RFI) Post-implementation Review: IFRS 8 Operating Segments. The IASB’s Request for Information is incorporated into the AASB’s Invitation to Comment ITC 27 Request for Comment on IASB Request for Information on Post-implementation Review: IFRS 8 Operating Segments. The discussion forum will be attended by an IASB staff member via videoconference.
The RFI forms part of the IASB’s post-implementation review process for IFRS 8. The purpose of the discussion forum is for participants to share their experience of applying IFRS 8 in practice, including discussion of:
• How easy and clear were the steps to apply IFRS 8 – e.g. identifying the segments and the Chief Operating Decision Maker (CODM)? How clear are the aggregation principles in practice?
• Costs of implementation, including whether unexpected costs were incurred.
• Has IFRS 8 facilitated easier communication with investors and others?
• What are the benefits and disadvantages of IFRS 8 now it has been applied in practice for a number of years?
The questions in the IASB’s RFI will provide a structure to the discussion forum. The RFI can be found here. It is expected the forum will generate valuable input to assist the IASB in completing its post-implementation review of IFRS 8.
Date: Wednesday 3 October 2012
4:00pm – 6:00pm
Ken Spencer Room
Australian Accounting Standards Board
Level 7, 600 Bourke Street
Please email Daisy Yang email@example.com by Wednesday 19 September to register your interest in attending the discussion forum.
There will be room for only 18 participants at the discussion forum. 15 can attend as observers. Please note there is a limit of two people per organisation (with one being a participant). The AASB, in allocating places to participants and observers, will consider not only the date of application but also will endeavour to ensure a wide range of interests are represented.