Federation of Accounting Professions (TFAC) announced new Thai Standard on Auditing 540 (TSA 540) “Auditing Accounting Estimates and Related Disclosures” which is revised for support increased audit risk as a result of complexity of business and current Thai Financial Reporting Standards. TSA 540 (Revised) is effective for audits of financial statements for periods beginning on or after December 15, 2020
Notification of the accounting Profession on 24 June 2020.
Mr. Chakkrit Parapuntakul President
