The revised IAS 14 expands the scope of managerial discretion in segment identification.

Question

Quizplus · Accepted Answer

The revised IAS 14, replaced by IFRS 8, does not expand the scope of managerial discretion in segment identification; instead, IFRS 8, which supersedes IAS 14, increases managerial discretion by requiring segment reporting to be based on internal reports that are regularly reviewed by the entity's chief operating decision maker.

The Revised IAS 14 Expands the Scope of Managerial Discretion