Request for Information IASB/RFI/2023/2 Post-implementation Review of IFRS 15 Revenue from Contracts with Customers

The International Accounting Standards Board (IASB) has published the Request for Information to seek stakeholders’ views on the requirements in IFRS 15 Revenue from Contracts with Customers

IFRS 15 came into effect in 2018 and it was created to improve the quality and comparability of revenue information provided to investors globally.

IFRS 15 introduced a comprehensive and robust framework for the recognition, measurement and disclosure of revenue that applies to a wide range of transactions and industries. The Standard sets out a single coherent approach to recognising and measuring revenue that provides useful information to investors about the nature, amount, timing and uncertainty of revenue and cash flows arising from a company’s contracts with customers.

IFRS 15 replaced IAS 18 Revenue, IAS 11 Construction Contracts, IFRIC 13 Customer Loyalty Programmes, IFRIC 15 Agreements for the Construction of Real Estate, IFRIC 18 Transfers of Assets from Customers and SIC 31 Revenue—Barter Transactions Involving Advertising Services.

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Invitation to comment

The Request for Information is open for comment until 26 September 2023.

You may provide your comments via email to us at

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