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.
Appointment of Linda Mezon-Hutter as IASB Vice-Chair
On 19 December 2022, the IFRS Foundation’s trustees appointed Linda Mezon-Hutter as Vice-Chair of the IASB with effect from 1 January 2023.
IPTF publishes working document on hyperinflationary economies
On 7 January 2023, the International Practices Task Force (IPTF) of the Center for Audit Quality’s SEC Regulations Committee updated its discussion document identifying countries that are considered to have hyperinflationary economies.
FICE project: proposed amendment to IFRS 7 on financial instruments issued within the scope of IAS 32
In December 2022, the International Accounting Standards Board (IASB) continued to discuss the classification of financial instruments as debts or equity (Financial Instruments with Characteristics of Equity or FICE).
New IASB appointment
On 13 October 2022, the Trustees of the IFRS Foundation announced the appointment of Florian Esterer to the IASB for a five-year term from April 2023.
Proposed amendments to IFRS 9 and IFRS 7 on the SPPI test for debt assets: disclosure and first-time application
At its September 2022 meeting, the IASB tentatively decided to amend IFRS 9 to clarify the application of the SPPI test to debt assets.