Keywords: Mazars, Thailand, Accounting, IFRS, IASB
5 February 2014
However, no publication timescale has been announced for the other two major topics, accounting for leases and insurance contracts. The work plan merely mentions ‘redeliberations’ on these subjects in the first quarter of 2014. The duration of the redeliberations on revenue recognition does, however, suggest that we should treat this timetable with great caution.
In 2014, the IASB should also analyse the responses received regarding the Discussion Paper on the conceptual framework, for which the comments period will end shortly. With this document the IASB aims to lay the foundation of future IFRSs!