IASB issues amendment to defer effective date of IFRS 15

This edition outlines the recent amendment Effective Date of IFRS 15 to IFRS 15 Revenue from Contracts with Customers which was issued in September 2015.

The IASB issued an amendment deferring the effective date of IFRS 15 Revenue from Contracts with Customers to 1 January 2018. 

The new effective date of IFRS 15 generally aligns with the new revenue standard for entities reporting under U.S. GAAP. 

Earlier application of IFRS 15 continues to be permitted.

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