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.
IOSCO releases statement on Covid-19 issues
On 24 March 2021, IOSCO published a press release on going concern issues in the context of the Covid-19 pandemic.
Amendment to IFRS 16 on rent concessions beyond 30 June 2021
As previously announced, the IASB has rushed through its proposed amendment to IFRS 16 on Covid-19-related rent concessions beyond 30 June 2021, as the public health crisis is dragging on longer than initially predicted.
IFRS Foundation makes progress creation of SSB
At the start of February this year, the IFRS Foundation announced that it was investigating the feasibility of creating a Sustainability Standards Board (SSB) to be launched at the next United Nations Climate Change Conference (COP26) in November 2021.
IFRS Foundation continues work on sustainability reporting standards
In September 2020, the Trustees of the IFRS Foundation launched a consultation to assess whether there is a need for global sustainability reporting standards, and the role that the Foundation could play in developing such standards. Following the consultation period, the Trustees have analysed the 576 comment letters received.
Draft on Covid-19-related rent concessions
The IASB published a proposed amendment to IFRS 16 on Covid-19-related rent concessions on 11 February 2021.