Accounting Section - Doing Business
Explore a series of summaries providing an overview of useful accounting regulations, processes and accounting issues for doing business in Thailand.
TFRS for NPAEs Update
The Federation of Accounting Professions (‘FAP’) has issued an announcement (No.29/2011) to further clarify the application of the new Thai Financial Reporting Standard(‘TFRS’) for Non-Publicly Accountable Entities (‘NPAEs’).
Incomplete Accounting Records and Lost Documents
In the event that an entity loses its documents or has incomplete accounting records what is the legal and tax impact and what steps must an entity undertake to rectify this?
Accounting Update for June 2012
On 21 April, the IASB published its near final drafts of the future standards on consolidation and associated subjects.
Accounting Standard for NPAEs Approved by FAP
An accounting standard for Non-Publicly Accountable Entities (‘NPAEs’) has been approved by the Thai Federation of Accounting Professions (‘FAP’).
Interpretations on Specific Accounting Matters
The Thai Federation of Accounting Professions (‘FAP’) has announced 4 interpretations on specific accounting matters that have been adopted from the equivalent International Accounting Standards Board’s (‘IASB’) SICs.