Keywords: Mazars, Thailand, IFRS, IASB, SMEs
14 July 2015
The published amendments relate to 21 of the 35 sections of the standard. A large majority are clarifications and additions to the application guidance, with a view to improving users’ understanding of the document. These amendments are unlikely to have a significant impact on the financial reporting of SMEs. They will be applicable for financial periods commencing on or after 1 January 2017. Early application will be permitted.
The amendments are available on the IASB’s website.