Outreach on Post-Implementation Review of IFRS 15 Revenue from Contracts with Customers

The IASB is expected to publish a Request for Information (RFI) on its Post-implementation Review (PIR) of IFRS 15 Revenue from Contracts with Customers by the end of June 2023. 

The objective of the IASB’s PIR is to assess whether the effects of applying the new requirements on users of financial statements, preparers, auditors, and regulators are as intended when the IASB developed those new requirements. 

The UKEB is expected to publish a Draft Comment Letter (DCL) to the IASB to obtain stakeholder views. To understand UK preparers’ views on the implementation and application of IFRS 15, the UKEB is holding dedicated roundtables for preparers on Tuesday 20 June and Wednesday 21 June. To register your interest to attend, and share your views, at one of the roundtables, send your contact details to UKEndorsementBoard@endorsement-board.uk by Friday 9 June 2023.

To understand UK investor/user views on company reporting of their revenue, the UKEB is conducting short one-to-one interviews (no more than 30 minutes) during June and July 2023. To register your interest to participate, send your contact details to UKEndorsementBoard@endorsement-board.uk by Friday 30 June 2023.

For further detail of the IFRS 15 PIR, see the UKEB project page and the IASB website.