TFRS for NPAEs Update

The Federation of Accounting Professions (‘FAP’) has issued an announcement (No.29/2011) to further clarify the application of the new Thai Financial Reporting Standard(‘TFRS’) for Non-Publicly Accountable Entities (‘NPAEs’).

Keywords: Accounting, Thailand, TFRS, NPAEs, FAP

The announcement provides further clarification on specific accounting treatment on initial application of the new accounting standard.

The updates has been summarised and included in Mazars newsletter on the new TFRS for NPAES.