Thailand: Expert discusses implementation of International Financial Reporting Standards.

(From Thai Press Reports)

Section: Business News - Many countries have committed to and are in the process of implementing International Financial Reporting Standards (IFRS) either by following a roadmap of adopting IFRS into their local standards or by directly adopting the full set of original standards issued by the International Accounting Standards Board (IASB).To facilitate the implementation exercises currently being carried out by many companies globally, the IASB finalised a high-quality platform for financial reporting after issuing a number of new standards, making extensive changes to existing standards within the past few years and achieving wider convergence with US Generally Accepted Accounting Principles, the Bangkok Post reports.

Not …