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 Update July 2016
“You have been living in a bit of a building site for much of the last decade. However, the good news is that the majority of the structural work is now complete. The heating and plumbing systems are now in good shape.” With these words, Hans Hoogervorst described his impression of the progress made in recent years at the start of the IFRS Foundation Conference in Zurich.
Standards applicable at 30 June 2016
To coincide with the preparation of interim financial reports, we present an overview of the IASB’s most recent publications.
IASB research programme
During deliberations following the work plan consultation, the IASB decided that it should focus on a limited number of subjects that could be addressed within a reasonable timeframe.
Development and implementation of IFRS Standards
On 14 May 2016, IOSCO (the International Organization of Securities Commissions) and the IFRS Foundation announced a Statement of Protocols that sets out their joint objective of promoting and facilitating transparency within capital markets through the development and consistent application of IFRS Standards.
May 2016 IFRS Update
The IASB’s publication of amendments to IFRS 15 on 12 April was followed, less than a month later, by the FASB’s publication of slightly different amendments to Topic 606.