Major changes have taken place recently in financial reporting. The most important change is convergence to IFRS around the world. This pocket guide provides a summary of GAAP differences between IFRS and accounting standards in Thailand, Vietnam, Cambodia and Laos.
A Comparison to IAS/ IFRS in this document refers to IAS/ IFRS that are currently effective in 2008.
The information in this guide is arranged in four sections:
Information of IAS/IFRS which are effective in 2009 is provided.
This publication is prepared by PricewaterhouseCoopers. It is not meant to provide comprehensive analysis to facilitate in-dept interpretation of GAAP differences. It is intended to be a general guide for those who wish to gain a broad understanding of the key similarities and differences among IFRS and GAAP in Thailand and Indochina. Accordingly, this summary should not be used or relied upon as a substitute to reading the relevant national GAAP or IFRS.