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.
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’).
IFRS 9 Postponed to 2015
IFRS 9 Postponed to 2015: The first part of the new IFRS 9 published in 2009 on the classification and measurement of financial assets set forth mandatory application for annual reporting period beginning on 1 January 2013.
IASB Published Amendments to IAS 1
On 16 June 2011 the International Accounting Standards Board (‘IASB’) published amendments to IAS 1 as part of a joint project with the US standards setter, FASB.