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Final stage

In June 2020 the International Accounting Standards Board (IASB) decided not to add a narrow-scope project to its work plan that would have required an entity to apply IFRS 15 Revenue from Contracts with Customers, instead of IFRS 10 Consolidated Financial Statements, to disposals of some types of subsidiary to a customer.

IASB members expressed concern about identifying an appropriate scope of transactions to which any amendment would apply as part of a narrow-scope project. Because any amendment would affect the scopes of both IFRS 15 and IFRS 10, the IASB decided not to add a narrow-scope project in advance of learning more from stakeholders about the need for and consequences of any such project.

Having considered the feedback on the Post-implementation Review of IFRS 10, no further action will be taken on this topic.