Preparing your Company for FRS115 (IFRS15)

By |2020-03-31T18:11:31+08:00September 25th, 2018|Audit and Assurance, Insights|

The Accounting Standards Council issued FRS 115 (also known as IFRS 15) on 19 Nov 2014. FRS 115 is effective from annual periods beginning on or after 1 Jan 2018. Earlier application is permitted. Objectives of FRS 115 The objective of IFRS 15 is to set out standards for recognition [...]