IAASA, Ireland’s accounting enforcer, has today published an Information Note IFRS 8 Operating Segments – Identification of Chief Operating Decision Maker (CODM).
One of the identifying features of an operating segment is that the segment results are regularly reviewed by the Chief Operating Decision Maker (CODM). Therefore, the identification of the CODM is an important step in the process of identifying operating segments. The identification of operating segments also has implications on impairment testing.
Given these implications, IAASA is publishing this Information Note with the aim of assisting issuers in identifying the person or group of people as CODM. The Information Note lists the information requests that IAASA has asked of issuers during the 2020 financial statement examination cycle.
The Information Note is available here.