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 amends IFRS for SMEs standard in line with international tax reform
On 29 September, the International Accounting Standards Board (IASB) published amendments to the IFRS for SMEs standard, arising from the introduction of the OECD Pillar Two rules.
IASB 2024: Financial & Subsidiary Disclosures
The IASB's July meeting was an opportunity for the Board to observe that it had reached the end of the decision-making process on its Primary Financial Statements (PFS) project and on the prospective standard Subsidiaries without Public Accountability: Disclosures.
IPTF publishes working document on hyperinflationary economies
On 7 January, the International Practices Task Force (IPTF) at the Center for Audit Quality’s SEC Regulations Committee updated its discussion document identifying countries that are considered to have hyperinflationary economies.
Taking climate-related matters into account in IFRS financial statements
In November 2020, the IFRS Foundation published educational material illustrating the circumstances under which the application of IFRSs might require entities to take account of climate issues.
Renewable power purchase agreements: draft narrow-scope amendments to IFRS 9
The IASB's IFRS 9 Amendments address Renewable Power Purchase Agreements, including green power contracts and hedge accounting requirements. These changes aim to enhance consistency and relevance in the treatment of such transactions while clarifying standards for own-use contracts and facilitating hedge accounting for virtual power purchase agreements (VPPA).