Global Standards for the world economy

Tuesday 18 February 2020

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IFRS IC recommends the IASB to finalise the proposed amendment

 13 November 2012

The Interpretations Committee recommended that the IASB should finalise the proposed amendment to IFRS 8 to confirm that a reconciliation of the total of the reportable segments’ assets to the entity’s assets shall be disclosed only if a measure of total assets for each reportable segment is regularly provided to the chief operating decision maker. This clarification would make this paragraph consistent with the guidance in paragraphs 23 and 28(d) of IFRS 8.

Because IFRS 8 is largely converged with the equivalent guidance in US GAAP, the Interpretations Committee also recommended the staff to discuss the proposed amendment with the staff of the FASB.

Read the IFRIC Update of November 2012.