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.
Updates to IASB work plan for 2022-2026
At its April meeting, the IASB continued its redeliberations on its work plan for 2022 to 2026, following the third public agenda consultation.
IFRS IC clarifies presentation rules for demand deposits with restrictions on use arising from a contract with a third party
In March 2022, the IFRS Interpretations Committee (IFRS IC) reached a final decision, ratified by the IASB in April and available here, on the presentation rules for demand deposits with restrictions on use arising from a contract with a third party.
IASB halts project on IAS 19 pension benefits that depend on asset returns
From 2018 to 2021, the IASB (International Accounting Standards Board) studied the feasibility of amending IAS 19 Employee Benefits to address pension benefits that depend on the returns on specified assets, such as shares or bonds.
Focus on some accounting consequences of the war in Ukraine and the sanctions against Russia
On 24 February 2022, Russia launched its invasion of Ukraine. The conflict has been unfolding for more than two months and the situation is changing daily, not only in military - and human - terms, but also in terms of economic sanctions against Russia.
Publication of IFRS Accounting Taxonomy 2022
On 24 March 2022, the IFRS Foundation published the IFRS Accounting Taxonomy 2022. It reflects IFRS standards published at 1 January 2022, including those that have not yet come into effect.