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.
Publication of IFRS Accounting Taxonomy 2022
On 24 March 2022, the IFRS Foundation published the IFRS Accounting Taxonomy 2022. It reflects IFRS standards published at 1 January 2022, including those that have not yet come into effect.
IPTF adds Turkey to list of hyperinflationary economies
On 16 March 2022, the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) SEC Regulations Committee updated its document for discussion identifying countries that are considered to have hyperinflationary economies, originally published on 6 November 2021.
Redeliberations continue on Primary Financial Statements project
At its March 2022 meeting, the IASB continued its redeliberations on the proposals in the December 2019 General Presentation and Disclosures exposure draft, in the wake of comments received from stakeholders.
IFRS IC publishes final agenda decision on TLTRO III programme
At the IASB meeting in March 2022, the Board approved the IFRS IC tentative agenda decision on the targeted longer-term refinancing operations programme (TLTRO III) for European banks (cf. the February 2022 IFRIC Update, updated in March)
New Chair for IFRS IC
On 1 March 2022, the IFRS Foundation announced that Bruce Mackenzie had been appointed as Chair of the IFRS Interpretations Committee (IFRS IC), with immediate effect. He succeeds Sue Lloyd, who has been appointed vice-chair of the International Sustainability Standards Board (ISSB).