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.
PiR of IFRS 9: Board clarifies scope of next phase
The IASB met on 20 July 2021 to decide on the next steps of its Post-implementation Review (PiR) of IFRS 9.
Redeliberations on Primary Financial Statements project
At the IASB meeting in late July 2021, the Board members continued their redeliberations on some of the proposals set out in the General Presentation and Disclosures exposure draft, which was published in December 2019.
IASB work plan updated in 2021
Following the meeting of the International Accounting Standards Board (IASB) on 20 and 21 July 2021, the IASB has updated its work plan.
Amendment to IFRS 17 on a classification overlay
Following preliminary discussions in May, the IASB decided in June to propose a narrow-scope amendment to IFRS 17 in order to facilitate initial application of IFRS 17 and IFRS 9 by insurance entities.
IASB decides management performance measures
Following the first redeliberations on the Primary Financial Statements project in March 2021, the International Accounting Standards Board (IASB) has, as expected, gone on to discuss potentially expanding the scope of its requirements for management performance measures (MPMs). The 2019 exposure draft specified that certain minimum disclosures on MPMs would be required, to be presented in a single note to the financial statements.