IASB | FASB Joint Transition Resource Group for Revenue Recognition (TRG)
The Transition Resource Group (TRG) will inform the IASB and the FASB about potential implementation issues that could arise when entities implement the new Standard.
Purpose of the TRG
- To solicit, analyse, and discuss stakeholder issues arising from implementation of the new Standard;
- To inform the IASB and the FASB about those implementation issues, which will help the boards determine what, if any, action will be needed to address those issues; and
- To provide a forum for stakeholders to learn about the new Standard from others involved with implementation.
The TRG will periodically meet in public to discuss potential issues arising from the implementation of the new revenue recognition Standard (IFRS 15/ASU Topic 606). Issues may be submitted by any stakeholder based on the issue submission guidelines.
The IASB and the FASB staff will evaluate each submission and prioritise the issues for discussion at a TRG meeting. Meeting agenda and discussion summaries will be posted on the Meetings page in advance of each meeting.
During the meetings, the TRG members will share their views on the issues. The TRG will not issue guidance. After each meeting, the IASB and the FASB will determine what action, if any, will be taken on each issue.
If you would like more information about the TRG, please contact:
View a list of the Group members.