Mazars IFRS Newsletter: "Beyond the GAAP" / „DOCTR'in n° 106“
4.03.2015Company: Forvis Mazars s.r.o.
As 2015 gets under way, discussions on the application of IFRS 15 are in full swing! Many technical subjects have now been discussed by the Joint Transition Resource Group, and already the idea of amending the standard as published has made some headway, at least on the FASB side. The question of the mandatory application date has also been raised.
Against this background, the January 2015 meeting of EFRAG’s TEG officially recommended the new EFRAG Board to adopt IFRS 15 with the later mandatory effective date of 2018. Beyond the GAAP will take this opportunity to give an update on the current technical debates on IFRS 15.
This edition will also introduce the new EFRAG governance structure that came into effect on 31 October 2014 and within which the TEG will in future play a role in providing technical advice to the Board on IFRS matters.
More information about Mazars Czech Republic´s IFRS Desk is available at Mazars IFRS Desk. The newsletter is also available online in English at The “Beyond the GAAP“ newsletter.
Please feel free to contact our IFRS Desk team to discuss any issues or points regarding IFRS that might arise in the context of your business.
