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EFRAG publishes final comment letter on clarifications to IFRS 15

  • EFRAG document (dk green) Image

12 Nov 2015

The European Financial Reporting Advisory Group (EFRAG) has issued its final comment letter on the IASB exposure draft ED/2015/6 'Clarifications to IFRS 15'.

EFRAG states that, whilst supporting the convergence of IFRS 15 with the FASB's standard Revenue from Contracts with Customers, EFRAG agrees with the IASB’s decision not to clarify certain issues where the FASB has decided to provide further guidance in the Standard. EFRAG believes that, at this stage, before the implementation of IFRS 15, the IASB should only clarify those issues that are strictly necessary for a proper understanding of IFRS 15.

The press release and final comment letter are available on the EFRAG website.

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