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Deloitte comment letter on IASB ED/2015/2 "Effective Date of IFRS 15"

Published on: Jul 06, 2015

Deloitte Touche Tohmatsu Limited has responded to the International Accounting Standards Board's (IASB) Exposure Draft ED/2015/2 Effective Date of IFRS 15.

In our comment letter, we agree with the proposal to defer the effective date of IFRS 15 by one year. We also encourage the IASB and the FASB to continue with the targeted clarifications to the revenue requirements to ensure that a converged, stable, and operational standard is available to preparers sufficiently far in advance of the effective date. Lastly, we encourage the IASB to continue to monitor the implementation progress to make sure the revised effective date remains appropriate.

Please click to download the full comment letter below. The response of Deloitte & Touche in the U.S. to the corresponding FASB proposal is attached to the comment letter as an appendix.

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