The revised 2566 financial reporting standard was published in the Royal Gazette in August of that year. Effective for accounting periods starting on or after January 1, 2567, this is an upgraded version of the international financial reporting standard for 2566 (Bound volume 2023 Consolidated without early application). The goal of the change is to improve the clarity and appropriateness of financial reporting requirements. It also seeks to improve the consistency of financial reporting terminology between Thai and English. The following may be used to sum up changes to the language used in financial reporting:
for example:
