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.
Tentative IFRS IC decision on a sale and leaseback
The Committee received a request about the applicability of IFRS 16 requirements to a transaction in which an entity sells its equity interest in a subsidiary that holds a single asset and then leases that asset back.
The EU standardises non-financial reporting
In early 2020, the European Commission announced its intention of presenting a renewed sustainable finance strategy, aimed at strengthening the means employed to meet Europe's climate commitments that are intended to make Europe the first carbon-neutral continent by 2050.
Due Process Handbook &IFRS Foundation Constitution
On 20 August, the IFRS Foundation published a revised version of its Due Process Handbook. Readers will remember that this handbook sets out the due process principles that govern the work of the IASB, the IFRS Interpretations Committee, and their staff. The Foundation’s Constitution has also been amended as a result.
Exposure draft on financial statements
There are only a few days left for stakeholders to submit comments to the IASB on the exposure draft of a proposed new standard on general presentation and disclosure requirements for financial statements, replacing IAS 1. The comment period was extended by three months due to the COVID-19 crisis and will now end on 30 September 2020.
IASB work plan updated in 2020
Following its July meeting, the IASB updated its work plan. The main changes, by theme, are as follows: