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Final stage

The Board published the Exposure Draft Improvements to IFRS 8 Operating Segments—Proposed amendments to IFRS 8 and IAS 34 (Exposure Draft) in March 2017 to address the findings from the Post-implementation Review (PIR) of IFRS 8.

Having considered the feedback, the Board decided not to proceed with the amendments proposed in the Exposure Draft. The Board noted that some of its proposals could be dealt with by existing requirements and other proposals would not be effective in addressing the findings from the PIR of IFRS 8. The Board considered the remaining proposals and concluded that they would not result in sufficient improvements in information to investors to justify the additional costs stakeholders would incur if the Board were to proceed with these proposed amendments.

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