IASB’s forthcoming Request for Information: Post-Implementation Review of IFRS 15 – Join the UKEB roundtable on 20 or 21 June 2023

Date: 31 May 2023

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 during June 2023. The standard has been effective for UK companies in scope since annual periods commencing on or after 1 January 2018. 

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. In addition, to understand stakeholder views on the implementation of IFRS 15 by UK companies, 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.

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