IFRS 15 – Effective date set to be deferred

IFRS 15 – Effective date set to be deferred

The IASB has proposed a one-year deferral from the original 2017 effective date.


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Some companies have called for more time to implement IFRS 15’s requirements

IFRS 15 effective date set to become 1 January 2018

The IASB has issued its formal proposal to defer the effective date of its new revenue standard IFRS 15 by one year to 1 January 2018. Early adoption would continue to be permitted.

Responding to stakeholder concerns

Industries such as telecommunications and software have expressed concerns about the time and effort needed to implement the standard. 

In addition, the IASB plans to propose targeted amendments to the standard later this year, to clarify some of its requirements and add new illustrative examples.


“The proposed amendment is simple but significant. I would encourage all interested parties to respond, to ensure their view is considered when the IASB finalises its decision in July.”


Comments are due to the IASB by 3 July 2015.

Find out more

For more information, go to the IASB press release or speak to your usual KPMG contact.

We will continue to report on significant developments and further decisions by the IASB on the new revenue standard. Visit our IFRS – Revenue hot topics page.

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