Thai Financial Reporting Standards for Non-Publicly Accountable Entities (TFRS for NPAEs)

The new accounting standard is similar in concept to the IFRS for SMEs and is expected to reduce the financial reporting burden on NPAEs.

Keywords: Accounting, Thailand, TFRS, NPAEs, FAP

Mazars address the main requirements and significant changes in accounting treatment and financial reporting for an entity applying the new TFRS for NPAEs.