Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies No. Thai Accounting Standards are required. Thai Accounting Standards are substantially converged with IFRS Standards, though the financial instruments Standards that are part of IFRS Standards have not yet been adopted. Thai Accounting Standards include several national financial instruments standards that differ from IFRS Standards.
IFRS Standards are permitted but not required for domestic public companies No. Thai Accounting Standards are required. Thai Accounting Standards are substantially converged with IFRS Standards, though the financial instruments Standards that are part of IFRS Standards have not yet been adopted. Thai Accounting Standards include several national financial instruments standards that differ from IFRS Standards.
IFRS Standards are required or permitted for listings by foreign companies tick Permitted, but currently no foreign companies are traded on the Stock Exchange of Thailand.
The IFRS for SMEs Standard is required or permitted No.
The IFRS for SMEs Standard is under consideration tick Yes.
Last updated:
24 March 2017
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