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.
Two-stage appointment process for ISSB membership
The creation of the International Sustainability Standards Board (ISSB) was announced last November at COP26, and since then a Chair and Vice-Chair have been appointed: Emmanuel Faber and Sue Lloyd respectively. The IFRS Foundation now needs to appoint a further 12 Board members, eventually bringing the total to 14.
ASAF membership for 2022-2024
On 15 February 2022, the Trustees of the IFRS Foundation announced the membership of the Accounting Standards Advisory Forum (ASAF) for the next three years (2022-2024)
Redeliberations continue on Primary Financial Statements project
The topic discussed by the IASB this month did not in fact relate to any specific question put to stakeholders in the December 2019 exposure draft, which is ultimately intended to replace IAS 1 Presentation of Financial Statements.
Post-implementation review of the consolidation package now complete
At its February 2022 meeting, the International Accounting Standards Board (IASB) concluded its Post-implementation Review of IFRS 10, IFRS 11 and IFRS 12, known as the ‘consolidation package’.
CDSB to be consolidated into IFRS Foundation
Following the launch of the ISSB last November, it was announced that various established sustainability reporting initiatives have decided to join the IFRS Foundation.