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.

EFRAG supports the proposal.

EFRAG’s comment letter