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.
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.
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.