We comment on the proposed clarifications to IFRS 15

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28 Oct 2015

We have published our comment letter on the International Accounting Standards Board's (IASB) Exposure Draft ED/2015/6 'Clarifications to IFRS 15'.

In our comment letter, we welcome the Board’s initiative in addressing a number of issues that were likely to cause significant practical difficulties in the application of IFRS 15 and support the proposed amendments. Also, we provide general comments regarding (1) the value of convergence, (2) clarity and stability of the platform and timing of further amendments, (3) the importance of drafting and updating the Standard itself, and (4) the ongoing role of the Transition Resource Group.

Please click to access the full comment letter.

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