On April 12, 2554, the FAP has issued Notification No. 20/2554 on reporting standards
for financial entities that have no public interest. The essence is: The Board of Directors oversees the
accounting profession in favor of financial reporting standards for entities that are not public interest. And
announced in the Royal Gazette. Declared applicable from the date of its publication. , The
Federation of Accounting Professions The approval of the standardization of the accounting oversight board composed of
professionals in meeting the 20 (1/2554) on March 10, 2554 has announced the adoption of the report of the
finance. For a public entity that has no conflict of interest provisions of Chapter 22 applies to financial statements for
fiscal years beginning on or after January 1, 2554 onwards.
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