ICAEW comment letter on the IASB's Exposure Draft amending the effective date of IFRS 15
30 Jun, 2015
The Institute of Chartered Accountants in England and Wales (ICAEW) has published its comment letter on the IASB exposure draft (ED) proposing deferral of the effective date of IFRS 15 Revenue from Contracts with Customers by one year.
In its comment letter the ICAEW supports the proposal to defer the effective date of IFRS 15 by one year to periods beginning on or after 1 January 2018. However the ICAEW indicates that the decision to defer the effective date of IFRS 15 after it had been issued should not be seen as setting a precedent for future standards.
The full comment letter is available on the ICAEW website.