29. June 2023

IASB seeks input for review of IFRS 15

The IASB today published a Request for Information (RfI) as part of the Post-Implementation Review of IFRS 15.

The IASB is seeking feedback from stakeholders on the following topics:

  • Overall assessment of IFRS 15
  • Identifying performance obligations in a contract
  • Determining the transaction price
  • Determining when to recognise revenue
  • Principal versus agent considerations
  • Licensing
  • Disclosure requirements
  • Transition requirements
  • Applying IFRS 15 with other IFRS Accounting Standards
  • Convergence with FASB’s Topic 606
  • Other matters

The Request for Information is open for comment until 27 October 2023.

After reviewing stakeholder feedback and evidence from outreach and research activities, the IASB will determine whether and when to undertake standard-setting.

IASB’s press release