Post-implementation Review of IFRS 15 Revenue from Contracts with Customers

Date recorded:

Request for Information (Agenda Paper 6)

The IASB is undertaking the post-implementation review (PIR) of IFRS 15. In March 2023, the IASB discussed findings from Phase 1 of the PIR and which matters to examine further by including them in the Request for Information (RFI). The RFI sets out the matters for which the IASB is seeking feedback by means of a public consultation. 

  • At this meeting, the IASB was asked to approve the publication and to set a comment period of 120-day for the RFI. If approved, the staff expect that the RFI will be published towards the end of June 2023.

IASB decision

On the approval of the publication, there was no discussion between the IASB members. All IASB members voted in favour of the staff recommendation to approve the publication of the RFI.

On the comment period, 13 out of 14 IASB members did not object to a comment period of 120 days, although 3 out of 14 IASB members would have preferred to set a comment period of 150 days.

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