19/05/2015 - EFRAG draft comment letter on the IASB's ED Effective Date of IFRS 15 (Proposed amendments to IFRS 15)
The IASB issued the Exposure Draft Effective Date of IFRS 15 (Proposed amendments to IFRS 15) (the 'ED') on 19 May 2015, with comments due by 3 July 2015.
The ED proposes deferring the effective date of IFRS 15 Revenue from Contracts with Customers to 1 January 2018 (currently 1 January 2017). Earlier application is permitted.
In its draft comment letter, EFRAG supports the proposal. EFRAG requests comments on its draft comment letter by 25 June 2015.
EFRAG's draft comment letter can be accessed below: