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.
IASB and SASB update – March 2024
In November 2023, we reported the publication of an IASB exposure draft of proposed amendments to IAS 32, IFRS 7 and IFRS 1 on the classification of financial instruments with characteristics of equity (“FICE”).
IASB deliberations on draft amendments to IFRS 9 and IFRS 7
At its meeting on 23 January 2024, following its first deliberations, the IASB continued its analysis of the feedbacks received to the Exposure Draft on Amendments to IFRS 9 and IFRS 7 on the classification and Measurement of financial instruments.
IFRS and Sustainability update
In January 2024, sustainability reporting has again dominated the news, with the provisional agreement from the European Parliament to delay Commission adoption of the next sets of ESRS (namely sector-specific ESRS and ESRS for non-EU groups) by two years, i.e. by 30 June 2026 instead of 30 June 2024 as initially indicated in the Corporate Sustainability Reporting Directive.
IFRS Foundation announces that Emmanuel Faber will serve another term as ISSB Chair
On 4 December 2023, at COP28, the Trustees of the IFRS Foundation announced the early reappointment of Emmanuel Faber as Chair of the International Sustainability Standards Board (ISSB).
IPTF publishes document for discussion on hyperinflationary economies
On 22 December 2023 – a little later than usual – the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) SEC Regulations Committee updated its document for discussion identifying countries that are considered to have hyperinflationary economies.