IFRS Section - Doing Business
You will find here a series of summaries providing an overview of useful IFRS regulations, processes and IFRS issues for Doing Business in Thailand.
Updated IPTF working document on hyperinflationary economies
At the end of July, the International Practices Task Force (IPTF) at the Center for Audit Quality’s SEC Regulations Committee updated its working document listing countries that are considered to have hyperinflationary economies
PiR IFRS 15 approaches completion
During its July meeting, the IASB finalised its decisions on the Post-implementation Review of IFRS 15 – Revenue from Contracts with Customers. Concluding that, overall, the requirements of IFRS 15 are working as intended, the IASB does not plan to take any standard-setting action in the immediate future.
PiR IFRS 9, Phase 2 – Impairment: IASB work reaches a conclusion
Following last May’s decision to conclude the Post-implementation Review (PiR) of the impairment requirements in IFRS 9, the IASB published a report in July summarising its work and conclusions.
Exposure draft proposing to amend IFRS 19
In late July, the IASB published an exposure draft proposing to amend IFRS 19 – Subsidiaries without Public Accountability: Disclosures, published in May 2024.
Exposure draft Translation to a Hyperinflationary Introduction Currency
In late July, the IASB published an exposure draft proposing to amend IAS 21.