2021 – the year ahead

2021 opens with a relatively stable IFRS framework in which to prepare the consolidated financial statements for this financial year, given the limited number and scope of the standards coming into force on 1 January 2021.

Keywords: Mazars, Thailand, IFRS, IASB, IFRS 16, COVID-19

25 March 2021

Nevertheless, the IASB continues to maintain existing standards, while also conducting standard-setting and research activities, as evidenced by the three projects presented in this edition: the possible extension of the period covered by the IFRS 16 amendment on COVID-19-related rent concessions, the publication of an exposure draft on the recognition of regulatory assets and liabilities, and the issue of a discussion paper on business combinations under common control.