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 to Revise IAS 39 and Issue Addition to IFRS 9
The International Accounting Standards Board (‘IASB’) has continued its work, often conjointly with the US standards setter, Financial Accounting Standards Board (‘FASB’), on a wide range of subjects, giving pride of place to the revision of IAS 39 and issuing additions to IFRS 9 for financial liability accounting.
Convergence of TAS with IFRS - Update
A summary of the changes to Thai Accounting Standards (‘TAS’) and Thai Financial Reporting Standards (‘TFRS’) has been issued by the Federation of Accounting Professions (‘FAP’).
When Will We See The Next IFRS “Big Bang”?
Together with the publication of its revised work plan, the International Accounting Standards Board (‘IASB’) announced that it will publish a consultation document in September regarding the mandatory effective dates and transition provisions for the standards to be published over the coming months.
Annual improvements to IFRS
On 6 May 2010, the IASB published its annual Improvements to IFRSs.
The amendments are usually very specific to certain issues and result in changes to only one or two paragraphs for each impacted accounting standard. The amended standards are:
The amendments are usually very specific to certain issues and result in changes to only one or two paragraphs for each impacted accounting standard. The amended standards are: