ICAI invites Public Comments on Request for Information on Post-implementation Review of IFRS 15

The International Accounting Standards Board (IASB) of ICAI is undertaking a post-implementation review of IFRS 15, Revenue from Contracts with Customers. Accordingly, the IASB has issued the following Request for information for public comments:

• Request for Information on Post-implementation Review of IFRS 15, Revenue from Contracts with Customers.

A Post-implementation Review allows the IASB to determine whether the consequences of the new requirements on users of financial statements, preparers, auditors, and regulators are as intended when the IASB adopted those new requirements. Accordingly, IASB has issued the Post-implementation Review of IFRS 15 to assess whether the standard is working as intended.

To contribute to international standard setting, the above-mentioned Request for Information issued by the IASB has been hosted on the website of the Institute of Chartered Accountants of India for public comments, with a deadline of August 31, 2023.

Comments on the abovementioned Request for information may be submitted through any of the following modes:

1. Electronically: Click on http://www.icai.org/comments/asb/ to submit comment online (Preferred method)

2. Email: Comments can be sent to: [email protected]

3. Postal:

Secretary, Accounting Standards Board,

The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110 002

Further clarifications on this Request for information may be sought by e-mail to [email protected].