EFRAG publishes academic study on costs and benefits of the adoption of IFRS 15

EFRAG has published the EFRAG-supported academic study Intended and Unintended Consequences of IFRS 15 adoption. The study assesses the impact of the adoption of IFRS 15 Revenue from Contracts with Customers focussing on the following broad research questions:

How do regulatory changes impact financial reporting in terms of the relevance and usefulness of the information produced for users?
To what extent have management control systems changed as a result of the IFRS 15 implementation and thereby affected the decision-making process of entities?

The findings of the study were incorporated into EFRAG’s comment letter in response to the IASB Request for Information on the post-implementation review of IFRS 15.
The report may be accessed here.