We comment on the proposed deferral of the effective date of IFRS 15

  • Deloitte comment letter on IASB ED/2015/2 'Effective Date of IFRS 15' Image

06 Jul, 2015

We have published our comment letter on 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 access the full comment letter.

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