Thai accounting and auditing professions and is responsible for developing Thai accounting and auditing standards. The IASs have a significant influence on Thai Financial Reporting Standards (TFRSs) and practices, especially after the financial crisis (Herrmann et al. 2008). Currently, The FAP has revised TASs and TFRSs to be in compliance with IFRSs Bound Volume 2010, which was issued by the International Accounting Standards Board (IASB).3 TASs comply in material respects with IASs and IFRSs, with a few exceptions.4