Changes to the Thai accounting standard for employee benefits

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.