Changes to the Thai accounting standard for employee benefits

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By Joanne L Gyte, 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.