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.
IFRS 18: IFRS IC proposes to update 10 agenda
29 October 2025
With the upcoming implementation of IFRS 18, the IFRS Interpretations Committee (IFRS IC) has proposed to replace references to IAS 1 in nine agenda decisions with references to IFRS 18, the new standard for the presentation of financial statements
IPTF publishes document for discussion on hyperinflationary economies
29 October 2025
During July 2025, the International Practices Task Force (IPTF) at the Center for Audit Quality’s SEC Regulations Committee updated its working document listing countries that are considered to have hyperinflationary economies
Amendments to IFRS 19
29 October 2025
In late August 2025, the International Accounting Standards Board (IASB) published amendments to IFRS 19 – Subsidiaries without public reporting obligations, which include reliefs from the disclosure requirements arising from the texts published between 28 February 2021 and 1 May 2024
Appointment to the IASB
29 October 2025
At the end of August 2025, the Trustees of the IFRS Foundation announced the appointment of Yu Chen as a new member of the IASB, effective from 1 January 2026, following the departures of Ann Tarca and Jianqiao Lu
Publication of the Request for Information (RFI) on IFRS 16
22 August 2025
As part of its post-implementation review of IFR 16 – Leases, the International Accounting Standards Board (IASB) published a Request for Information (RFI) from stakeholders in mid-June 2025. The comment period is open until 15 October 2025.