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.
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.
Publication of Amendments to IAS 1 & Annual Draft
In June, the 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).
Accounting Update for June 2012
On 21 April, the IASB published its near final drafts of the future standards on consolidation and associated subjects.