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.
New ISSB appointments
On 27 January 2022, the Trustees of the IFRS Foundation announced the appointment of Sue Lloyd as vice-chair of the International Sustainability Standards Board (ISSB) for an initial term of four years. This follows the announcement of Emmanuel Faber’s appointment as Chair of the ISSB in December 2021.
IPTF publishes document for discussion on hyperinflationary economies
On 7 January 2022, the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) SEC Regulations Committee published a document for discussion identifying countries that are considered to have hyperinflationary economies.
Redeliberations continue on Primary Financial Statements project
At its first meeting of the year, the IASB continued its redeliberations on the General Presentation and Disclosures exposure draft. Redeliberations on the project have now been ongoing for a full year, following an Exposure Draft (ED) published in December 2019.
IASB work plan: key milestones
Following the meeting of the International Accounting Standards Board (IASB) on 25 January 2022, the IASB has updated its work plan (which it does on a regular basis).
Economic benefits from use of a windfarm: IFRS IC agenda decision
The IFRS Interpretations Committee (IFRS IC) received a request as to whether, applying paragraph B9(a) of IFRS 16, an electricity retailer (customer) has the right to obtain substantially all of the economic benefits arising from use of a windfarm throughout the entire term of an agreement with a windfarm generator (supplier).