A Comparison of IFRS and Thai GAAP, Vietnamese GAAP, Cambodian GAAP and Laos GAAP

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:

  • A comparison of IFRS and Thai GAAP
  • A comparison of IFRS and Vietnamese GAAP
  • A comparison of IFRS and Cambodian GAAP
  • A comparison of IFRS and Laos GAAP

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.