Post-implementation review — IFRS 15
Background
The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.
The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:
- to review the important issues that had been identified as contentious during the development of the pronouncement
- to consider any unexpected costs or implementation problems that have been encountered.
This page covers the IASB's post-implementation review of IFRS 15 Revenue from Contracts with Customers.
Current status of the project
This project was added to the IASB's agenda in September 2022. A request for information was published on 29 June 2023 with comments requested by 27 October 2023.
Project milestones
| Date | Development | Comments |
|---|---|---|
| September 2022 | IFRS 15 post-implementation review added to the IASB agenda | |
| 29 June 2023 | Request for information published | Comments requested by 27 October 2023 |
