Toward Asset Impairments in Thai Capital Markets
Keywords:
Accounting Law, financial reporting quality, asset impairment, accounting standard, IAS 36, IFRSAbstract
Adoptions of accounting standards as a set of laws are highly important to policymakers as to regulating list companies. The study on the compliance of Thai Accounting Standard No.36 - Impairment of Assets - is practically critical since it provides understanding of a mechanism which reflects future earnings risk on a firm’s current financial statements. This article focuses on the enforcement and adoption of asset impairment in Thailand. Empirical results suggest that reporting asset impairments is consistent across times and industries. One-third of listed companies report impairment losses. Industries that are more sensitive to uncertainty in future cash flows tend to report impairment in a current accounting year. In addition, the impairment-reporting firms pay higher audit fees, have more key audit matters, and have a larger number of audit committee, emphasizing vital roles of auditors and audit committee in asset impairments explicitly. Nevertheless, audit service provided by multinational audit firms (BIG4) are not related to reporting impairment losses.
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สภาวิชาชีพบัญชีในพระบรมราชูปถัมภ์, มาตรฐานการบัญชี ฉบับที่ 16 เรื่อง ที่ดิน อาคาร และอุปกรณ์, (บริษัท พี.เอ.ลิฟวิ่ง จำกัด 2560).
สภาวิชาชีพบัญชีในพระบรมราชูปถัมภ์, มาตรฐานการบัญชี ฉบับที่ 36 เรื่อง การด้อยค่าของสินทรัพย์, (บริษัท พี.เอ.ลิฟวิ่ง จำกัด 2560).
สภาวิชาชีพบัญชีในพระบรมราชูปถัมภ์, มาตรฐานการบัญชี ฉบับที่ 38 เรื่อง สินทรัพย์ไม่มีตัวตน, (บริษัท พี.เอ.ลิฟวิ่ง จำกัด 2560).
สภาวิชาชีพบัญชีในพระบรมราชูปถัมภ์, มาตรฐานการรายงานทางการเงิน ฉบับที่ 3 เรื่อง การรวมธุรกิจ, (บริษัท พี.เอ.ลิฟวิ่ง จำกัด 2560).
สภาวิชาชีพบัญชีในพระบรมราชูปถัมภ์, มาตรฐานการรายงานทางการเงิน ฉบับที่ 8 เรื่อง ส่วนงานดำเนินงาน, (บริษัท พี.เอ.ลิฟวิ่ง จำกัด 2560).
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