The Authority Shares Its View on a Number of Preliminary Decisions of the International Interpretations Committee

الهيئة تشارك وجهة نظرها في عدد من القرارات المبدئية للجنة التفسيرات الدولية

The Saudi Organization for Chartered and Professional Accountants, represented by its Accounting Standards Board, submitted its views on two preliminary decisions of the International Interpretations Committee. On the first decision, concerning disclosure of revenues and expenses for operating segments, the Organization expressed agreement with the Committee's position that the relevant standards—including IFRS 8—cover the matter with respect to how operating segments are disclosed under the management approach. On the second decision, concerning climate-related commitments and whether future commitments create a constructive obligation for an entity, the Organization supported the Committee's view that the facts presented in the inquiry do not create a constructive obligation under IAS 37.

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