Changes to the Thai accounting standard for employee benefits
By Danny L. Quant
09 October 2014
Companies reporting under Thai accounting standards must implement the updated version of Thai Accounting Standard 19 (TAS19) by 1 January 2014. These changes modify how postemployment benefit obligations and risks will be reflected on a company’s financial statements. The update also requires additional footnote disclosures.
This white paper details the specific changes under the new standard and notes their potential impact on postemployment plan costs.
About the Author(s)
Danny L. Quant
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