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.
New steer for IASB project on climate-related risks in the financial statements
At its September meeting, the IASB reconsidered the focus of its project on climate-related risks in the financial statements. The first of the two decisions on the agenda related to whether or not to extend the focus beyond climate-related risks to include “other uncertainties”. The Board voted in favour.
Discussion on the equity method
At its September meeting, the IASB continued deliberations on the Equity Method project (for which the Board is planning to publish an exposure draft in the second half of 2024). In particular, the Board discussed possible improvements to disclosure requirements on investments in associates, and tentatively decided to propose amendments to IFRS 12 – Disclosure of Interests in Other Entities.
IASB publishes exposure draft on volume 11 of Improvements to IFRSs
On 12 September, the IASB published an exposure draft on volume 11 of Annual Improvements to IFRS Accounting Standards.
IASB amends IFRS for SMEs standard in line with international tax reform
On 29 September, the International Accounting Standards Board (IASB) published amendments to the IFRS for SMEs standard, arising from the introduction of the OECD Pillar Two rules.
IASB 2024: Financial & Subsidiary Disclosures
The IASB's July meeting was an opportunity for the Board to observe that it had reached the end of the decision-making process on its Primary Financial Statements (PFS) project and on the prospective standard Subsidiaries without Public Accountability: Disclosures.