The International Accounting Standards Board (IASB) in conjunction with the European Accounting Association (EAA) and the European Financial Reporting Advisory Group (EFRAG) will hold a virtual research workshop on 4 October 2023 at 12.00-14.00 (CET). The workshop will provide an overview of the Request for Information Post-implementation Review of IFRS 15 Revenue from Contracts with Customers, published by the IASB in June 2023, and observations EFRAG have gathered so far. The objective of a post-implementation review is for the IASB to assess whether the effects of applying a new IFRS Accounting Standard on preparers of financial statements, users of financial statements, auditors and regulators are as intended when the IASB developed that Standard.
The purpose of the workshop is to obtain feedback on the matters included in the Request for Information (RFI) and to discuss relevant academic evidence. The presentation will focus on Question 1 (Overall assessment of IFRS 15) and Question 7 (Disclosure requirements) in the RFI. The session will be moderated by Elisabetta Barone (Brunel University). The workshop will include short presentations by IASB member Ann Tarca, IASB staff members Jelena Voilo and Ana Simpson, EFRAG staff member Vincent Papa, and academic reflections from the members of the EAA’s Comment Letter team on the PIR of IFRS 15 (Elisabetta Barone, Stephanie Mason, Araceli Mora and David Prochazka). The presentations will be followed by questions and comments from the audience to be addressed by the presenters.
A link to the Request for Information is available here.