EFRAG has issued a draft endorsement advice letter and a separate invitation to comment relating to the endorsement for use in the EU of Clarifications to IFRS 15 Revenue from Contracts with Customers (‘the Clarifications’).
The objective of the Clarifications is to clarify the IASB’s intentions when developing the requirements in IFRS 15 Revenue from Contracts with Customers but not to change the underlying principles of IFRS 15.
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