UKEB publishes its final comment letter on the IASB’s Request for Information regarding the Post implementation Review of IFRS 15
29 Oct, 2023
The UK Endorsement Board (UKEB) has published its final comment letter in response to the International Accounting Standards Board's (IASB's) Request for Information on its Post-implementation Review of IFRS 15 'Revenue from Contracts with Customers'.
The UKEB welcomes the opportunity to provide comments on the IASB’s Request for Information.
The final comment letter considers that IFRS 15 is generally working as intended and does not identify any fatal flaws in the standard. However it does suggest a number of areas where the standard could be improved to reduce diversity in application based upon the UKEB's analysis and stakeholder outreach.
The full comment letter and feedback statement are available on the UKEB website.
