World Accounting Report
EFRAG happy with IFRS 15 proposals
EFRAG says in its draft comment letter that it supports the
IASB’s proposed clarifications of IFRS 15, but says changes should be kept to
the strict minimum necessary for comprehension. The letter also agrees with the
IASB’s decision not to do as much as the FASB, while encouraging the two
standard-setters to keep their standards converged.