ESMA Publishes The Outcome Of A Review Of European Enforcers On The Implementation Of IFRS 8 – Operating Segments

This Report provides the main findings of the review of European enforcers on the mplementation of IFRS 8 – Operating Segments and ESMA’s tentative recommendations to enhance the application of the standard. 

On the basis of this review, the overall conclusion reached by European enforcers is that (i) the implementation of IFRS 8 resulted in a fairly similar level of information compared to its predecessor IAS 14 and that (ii) there is homogeneity in the issues faced by European enforcers when enforcing this standard. This stems from a combination of weaknesses in the standard and a failure to fully comply with its requirements by issuers. 

To access the report, please click here.