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Exposure Draft 2015/2 Effective Date of IFRS 15 (Proposed Amendments to IFRS 15)
Jun 04, 2015

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Crowe Horwath International is pleased to respond to the International Accounting Standards Board Exposure Draft Effective Date of IFRS 15(Proposed Amendments to IFRS 15).


The IASB proposes to amend IFRS 15 so that entities would be required to apply IFRS 15 for annual reporting periods beginning on or after 1 January 2018. Earlier application would continue to be permitted. Do you agree? Why or why not?

We welcomed the issue of IFRS 15. This standard represented a considerable improvement in the IASB's approach to reporting revenue. The case has been presented for deferring the effective date of the standard. It would have been good to continue with the original effective date, but we agree that deferral will help preparers with the transition to the reporting required by IFRS 15. We trust that IASB will continue to promote to preparers the importance of a timely and managed transition when adopting the requirements of IFRS 15.


Yours faithfully 

David Chitty

International Accounting and Audit Director