IFRS 15 news

A collection of news items related to the May 2014 revenue recognition standard.

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Academic study on the costs and benefits of IFRS 15 adoption

29 Nov 2023

The European Financial Reporting Advisory Group (EFRAG) has published the results of academic study on the effects of the adoption of IFRS 15 'Revenue from Contracts with Customers' on preparers and users of financial statements.

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ESMA publishes 28th enforcement decisions report

09 Oct 2023

The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 3, IAS 32/IFRS 3, IAS 38, IFRS 10, IFRS 10/IFRS 11, IFRS 15, IFRS 9/IFRS 16, IFRS 7, and IFRS 16.

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EFRAG seeks users’ input on the effects of the implementation of IFRS 15

02 Aug 2023

The European Financial Reporting Advisory Group (EFRAG) invites users of financial statements to participate in interviews on the effects of the implementation of IFRS 15 with a particular focus on the current usefulness of the required disclosures.

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EFRAG draft comment letter on the request for information on the post-implementation review of IFRS 15

25 Jul 2023

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB's request for information seeking comments from stakeholders to identify whether the impairment requirements in IFRS 15 'Revenue from Contracts with Customers' provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standard; and whether unexpected costs have arisen in connection with applying or enforcing the standard.

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IASB publishes request for information on the post-implementation review of IFRS 15

29 Jun 2023

The International Accounting Standards Board (IASB) has issued a request for information (RFI) seeking comments from stakeholders to identify whether the requirements in IFRS 15 'Revenue from Contracts with Customers' provide information that is useful to users of financial statements; whether there are requirements that are difficult to implement and may prevent the consistent implementation of the standard; and whether unexpected costs have arisen in connection with applying or enforcing the standard. Comments on the RFI are requested by 27 October 2023.

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ESMA publishes 27th enforcement decisions report

29 Mar 2023

The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 10/IFRS 16/IAS 1, IFRS 8, IAS 38 (two decisions), IFRS 16, IFRS 15, IAS 36/IAS 1, IAS 1, IFRS 7, IFRS 9 (two decisions), and IAS 32/IFRS 9.

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ESMA publishes 26th enforcement decisions report

17 May 2022

The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 9, IAS 2 (two decisions), IFRS 15 (three decisions), IFRS 16/IAS 36, IAS 36 (two decisions), IFRS 8 and IAS 7/IAS 8.

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EFRAG survey on IFRS 15

22 Mar 2022

The European Financial Reporting Advisory Group (EFRAG) has launched a survey to seek input from users and preparers on the effects of IFRS 15 on revenue recognition.

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Call for papers — Research on IASB’s post-implementation reviews of IFRS Standards

12 Feb 2021

The IFRS Foundation are seeking academic research paper proposals on the application of the disclosure requirements in IFRS 15 ‘Revenue from Contracts with Customers’ or the application of the disclosure requirements in IFRS 7 ‘Financial Instruments: Disclosures’ by entities applying IFRS 9 ‘Financial Instruments’.

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IASB, FASB, and The Accounting Review call for academic research papers on the performance of standards in capital markets

10 Feb 2021

The IASB, FASB, and The Accounting Review (TAR) are requesting academic research papers focusing “on the effectiveness of the FASB’s and/or IASB’s standards on revenue recognition (Topic 606 and IFRS 15 'Revenue from Contracts with Customers'), leases (Topic 842 and IFRS 16 'Leases'), and financial instruments (Topic 326, 'Financial Instruments – Credit Losses and IFRS 9 Financial Instruments').”

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IASB posts recording of recent webinar on academics and the post-implementation reviews of IFRS 15

09 Feb 2021

The IASB has posted the recording of its recent webinar on identifying research opportunities by academics in IFRS 15 ‘Revenue from Contracts with Customers’.

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Academics and the post-implementation reviews of IFRS 9, IFRS 15, and IFRS 16

12 Jan 2021

The IFRS Foundation is offering three webinars aimed at identifying how academics can contribute to the post-implementation reviews of IFRS 9 'Financial Instruments', IFRS 15 'Revenue from Contracts with Customers', and IFRS 16 'Leases'.

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Deloitte IFRS Masterclass 2020

07 Dec 2020

On 8-10 December 2020, Deloitte Middle East offers the IFRS Masterclass 2020 as an online event. There is no charge for attending, however, prior registration is required.

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FRC publishes thematic review findings on IFRS 15 and IFRS 16

24 Sep 2020

The UK Financial Reporting Council (FRC) has published two thematic reviews to help companies improve the quality of their corporate reporting in relation to IFRS 15 'Revenue from Contracts with Customers' and IFRS 16 'Leases'.

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IAAER grants for research informing the IASB's work

30 Jun 2020

The 'Research Informing the IASB Decision Process programme' of the International Association for Accounting Education and Research (IAAER) has awarded grants to academics from Canada, Sweden, the UK, and the USA to conduct research that will be relevant to the IASB's work.

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IPSASB extends comment letter deadline for its three recent exposure drafts

23 Apr 2020

On 24 February 2020, the International Public Sector Accounting Standards Board (IPSASB) released three interconnected exposure drafts: ED 70 'Revenue with Performance Obligations', ED 71 'Revenue without Performance Obligations', and ED 72 'Transfer Expenses'.

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ESMA publishes 24th enforcement decisions report

03 Apr 2020

The European Securities and Markets Authority (ESMA) has published further extracts from its confidential database of enforcement decisions taken by European national enforcers. This batch deals with decisions in relation to IFRS 15 (three decisions), IFRS 7, IFRS 9/IAS 12, IFRS 10, IAS 34, and IFRS 15/IFRS 16.

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IPSASB publishes three exposure drafts

24 Feb 2020

The International Public Sector Accounting Standards Board (IPSASB) has released three interconnected exposure drafts: ED 70 'Revenue with Performance Obligations', ED 71 'Revenue without Performance Obligations', and ED 72 'Transfer Expenses'.

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We comment on five IFRS Interpretations Committee tentative agenda decisions

25 Nov 2019

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 21, IAS 29, IFRS 15, and IFRS 16, as published in the September 2019 IFRIC Update.

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ESMA announces enforcement priorities for 2019 financial statements

22 Oct 2019

The European Securities and Markets Authority (ESMA) has announced the priority issues that the assessment of listed companies' 2019 financial statements will focus on.

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