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 under common control
On 30 November 2020, the IASB published a Discussion Paper (DP) on Business Combinations under Common Control (BCUCC).
IPTF publishes document for discussion on hyperinflationary economies
On 5 January 2021, the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ), an independent body based in the United States, published a new document for discussion identifying countries that are considered to have hyperinflationary economies.
Educational material on going concern and disclosures
On 13 January 2021, the IFRS Foundation issued educational material entitled Going concern – a focus on disclosure (available here) to support entities in the application of IFRS standards (in particular, IAS 1 and IAS 10) when preparing their financial statements on a going concern basis.
Accounting for regulatory assets and liabilities
On 28 January 2021, the IASB published an exposure draft entitled Regulatory Assets and Regulatory Liabilities. Historically, certain business sectors - the energy sector, for example - have been subject to regulation by government or administrative authorities.
Supplementary IASB meeting on COVID-19-related rent concessions
The IASB announced a supplementary meeting on 4 February 2021 to discuss the IFRS 16 amendment on COVID-19-related rent concessions.