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.
Leases Project: IASB Goes on the Offensive
In recent weeks many voices have been raised against the future draft standard on leases. During a speech delivered on 6 November 2012 at the London School of Economics and Political Science, the IASB’s Chairman, Hans Hoogervorst, went on the offensive, urging national regulators and standard-setters to support the IASB-FASB joint project to bring greater transparency to the accounting treatment of leases.
IASB Proposes IFRS Improvements 2011-2012
On 20 November 2012 the IASB published its draft IFRS improvements 2011-2012, accompanied by a call for comments by 18 February 2013.
IASB Updates Work Plan
The International Accounting Standards Board (‘IASB’) made a number of important decisions in September, requiring updates to its work plan as of 1 October 2012.
IASB Work Plan Update
In June, the International Accounting Standards Board (‘IASB’) was once again busy, with the publication of amendments to IAS 1, the standard IAS 19R and the fourth annual improvements exposure draft (after a pause in 2010).
SET Companies - Thai Accounting Standards - IFRS
The Federation of Accounting Professions (‘FAP’) and the Securities and Exchange Commission of Thailand (‘SEC’) have announced a scheduled timeline for Stock Exchange of Thailand (‘SET') listed companies to become fully compliant with Thai Accounting Standards (‘TAS’) adopted from the International Financial Reporting Standards (‘IFRS’).