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.
Exposure Draft on lack of exchangeability
On 20 April, the IASB published an exposure draft (ED/2021/4) entitled Lack of Exchangeability (available here and open for comment until 1 September 2021).
Configuration in a Cloud Computing Arrangement
At its April meeting, the International Accounting Standards Board (IASB) approved the tentative agenda decision on Configuration or Customisation Costs in a Cloud Computing Arrangement (IAS 38 – Intangible Assets) that was finalised by the IFRS Interpretations Committee (IFRS IC) at its March meeting and published in the IFRIC
Redeliberations begin on Primary Financial Statements project
At the meeting of the International Accounting Standards Board (IASB) on 24 March 2021, the Board members began their redeliberations on the proposals set out in the General Presentation and Disclosures exposure draft, which was published in December 2019 (and was open for comment until 30 September 2020).
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.