Exposure Draft published by the International Accounting Standards Board (IASB) for comment only. Comments on the Exposure Draft need to be received by June 20, 2015.

The International Accounting Standards Board (IASB) has proposed to defer the effective date of IFRS 15, Revenue From Contracts With Customers, from January 1, 2017 to January 1, 2018 to propose targeted amendments to IFRS 15, which include clarifying the guidance on licences and adding examples illustrating the guidance on identifying performance obligations.

Comments are invited on the proposals in this Exposure Draft, particularly on the question set out in the Exposure Draft.

Invitation to comment

ASB invites comments on the Exposure Draft from the public. The downloadable version of the draft is available at:

http://www.ifrs.org/Current-Projects/IASB-Projects/Revenue-Recognition/Documents/IFRS-15/ED_Proposed-Amendments-to-IFRS%2015.pdf