Exposure Draft and comment letters—Effective Date of IFRS 15

The IASB published on 19 May 2015 for consultation a proposal to defer the effective date of the revenue Standard, IFRS 15 Revenue from Contracts with Customers, by one year to 1 January 2018.

The revenue Standard was issued jointly with the US Financial Accounting Standards Board (FASB), in May 2014, with an effective date of 1 January 2017.

The main reason for the proposed deferral of the effective date is that the IASB is planning to issue an Exposure Draft of targeted amendments to the Standard, which will include clarifying some of its requirements and adding illustrative examples to aid implementation. These targeted amendments arise from discussions of the joint Transition Resource Group (TRG), established in conjunction with the FASB to support the implementation of the Standard.

The Exposure Draft was open for comment until 3 July 2015.


Comment letters are public and all comment letters received on the due process document can be accessed below.

If you have trouble finding a specific comment letter, please contact us.

Access individual comment letters in the table below or download all letters as zip file.

ID Submitter

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