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.
IFRS Foundation announces that Emmanuel Faber will serve another term as ISSB Chair
On 4 December 2023, at COP28, the Trustees of the IFRS Foundation announced the early reappointment of Emmanuel Faber as Chair of the International Sustainability Standards Board (ISSB).
IPTF publishes document for discussion on hyperinflationary economies
On 22 December 2023 – a little later than usual – the International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) SEC Regulations Committee updated its document for discussion identifying countries that are considered to have hyperinflationary economies.
Power Purchase Agreements: upcoming amendments to IFRS 9
At its December 2023 meeting, the IASB confirmed that it would be undertaking a project to amend IFRS 9 – Financial Instruments, to clarify the accounting treatment of Power Purchase Agreements (PPAs).
IFRS IC decision on premiums receivable from an intermediary
At the end of October, the international Accounting Standards Board (IASB) approved the IFRS IC’s September decision not to add a standard-setting project to its work plan to clarify whether the premiums receivable from an intermediary fell within the scope of IFRS 17 or IFRS 9.
New steer for IASB project on climate-related risks in the financial statements
At its September meeting, the IASB reconsidered the focus of its project on climate-related risks in the financial statements. The first of the two decisions on the agenda related to whether or not to extend the focus beyond climate-related risks to include “other uncertainties”. The Board voted in favour.