Keywords: Mazars, Thailand, IFRS, IASB
16 May 2018
The new Conceptual Framework will not revolutionise current practice but will provide a more solid basis for it, although IFRS standards still take precedence.
The new Conceptual Framework is accompanied by amendments that update references to the Conceptual Framework in IFRSs.
Both documents are available to premium subscribers on the IFRS Foundation’s website.