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.
IFRS IC publishes final agenda decision on TLTRO III programme
At the IASB meeting in March 2022, the Board approved the IFRS IC tentative agenda decision on the targeted longer-term refinancing operations programme (TLTRO III) for European banks (cf. the February 2022 IFRIC Update, updated in March)
New Chair for IFRS IC
On 1 March 2022, the IFRS Foundation announced that Bruce Mackenzie had been appointed as Chair of the IFRS Interpretations Committee (IFRS IC), with immediate effect. He succeeds Sue Lloyd, who has been appointed vice-chair of the International Sustainability Standards Board (ISSB).
Two-stage appointment process for ISSB membership
The creation of the International Sustainability Standards Board (ISSB) was announced last November at COP26, and since then a Chair and Vice-Chair have been appointed: Emmanuel Faber and Sue Lloyd respectively. The IFRS Foundation now needs to appoint a further 12 Board members, eventually bringing the total to 14.
ASAF membership for 2022-2024
On 15 February 2022, the Trustees of the IFRS Foundation announced the membership of the Accounting Standards Advisory Forum (ASAF) for the next three years (2022-2024)
Redeliberations continue on Primary Financial Statements project
The topic discussed by the IASB this month did not in fact relate to any specific question put to stakeholders in the December 2019 exposure draft, which is ultimately intended to replace IAS 1 Presentation of Financial Statements.