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.

Post-implementation Review of IFRS 9 – Impairment

In the second half of 2022, the IASB launched the second phase of its Post-implementation Review (PIR) of IFRS 9 – Impairment, which focuses on the principles for recognising expected credit losses. Readers will remember that the first phase of the PIR of IFRS 9 ended in December 2022 with the publication of a feedback statement.

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IASB Update – February 2023

At its monthly meeting in February 2023, the IASB continued its discussions on the Financial Instruments with Characteristics of Equity project (FICE) and reached a number of tentative decisions, which we discuss in detail in this issue.

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OECD Pillar Two: IASB publishes proposed amendments to IAS 12

In January 2023 the IASB published an exposure draft to amend IAS 12

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Redeliberations continue on Primary Financial Statements project

At its January 2023 meeting, the International Accounting Standards Board (IASB) discussed the feedback from roundtable meetings held between September and November 2022 to gather stakeholder opinions on a number of tentative decisions.

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Appointment or re-appointment of IFRS Foundation Trustees

On 21 December 2022, the IFRS Foundation announced the appointment or re-appointment of several Trustees.

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