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.

Business combinations and impairment tests

Readers will remember that the IASB published a Discussion Paper entitled Business Combinations – Disclosures, Goodwill and Impairment on 19 March 2020.

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IASB launches IFRS 9 post-implementation review

On 30 September 2021, the International Accounting Standards Board (IASB) published a request for information as part of the post-implementation review of IFRS 9 Financial Instruments.

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Discussion on hyperinflationary economies

Following a meeting on 18 May 2021, the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ), an independent body based in the United States, has recently published a new document identifying countries that are considered to have hyperinflationary economies.

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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.

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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.

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