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.
ISSB Chair appointed
On 16 December, the Trustees of the IFRS Foundation announced the appointment of Emmanuel Faber as the first Chair of the newly-created International Sustainability Standards Board (ISSB). Mr Faber has been appointed for an initial term of three years.
IFRS Foundation launches ISSB
On 3 November, Erkki Liikanen, the Chair of the IFRS Foundation Trustees, announced the creation of the International Sustainability Standards Board (ISSB) in his speech at the COP26 climate change summit in Glasgow.
IFRS Foundation appoints two new Trustees
On 29 November, the IFRS Foundation announced the appointment of two new Trustees: Jorge Familiar and Keiko Tashiro. It also announced the re-appointment for a second term of Erkki Liikanen, Chair of the Trustees, as well as Trustees Sarah J Al Suhaimi and Dr Suresh P Kana.
Proposed narrow-scope amendment to IAS 1
On 19 November, the IASB published an ED, available here, of amendments to IAS 1 on the classification of liabilities with specified conditions (covenants) as current or non-current.
ED of disclosures on supplier finance arrangements
On 26 November, the IASB published an Exposure Draft (ED), available here, which aims to address investors’ information needs regarding supplier finance arrangements, such as reverse factoring and similar arrangements.