Brussels has second doubts over IFRS 8
The Commission's ratification of IFRS 8, which deals with operating segments and is closely based on the US's FAS 131, was previously scheduled for late May/early June, but has now been taken off the timetable.
After the expiration of what, in retrospect, seems a suspiciously quiet consultation period, UK critics have been expressing their reservations over IFRS 8 direct to Brussels. Reportedly, Tweedie was approached first, but argued the complaints were simply too late.
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