The most influential factors in the adoption of the IAS in Thailand, as perceived by respondents, are the conditions associated with financial aid from the IMF, multinational corporations, global capital market, international lenders and international audit firms. Thailand faces significant problems in implementation of IAS due to the lack of familiarity with IAS, which has to be overcome through training courses and the availability of technical support. Thai regulators should be more stringent in monitoring and enforcement measures with respect to companies whose financial
statements do not conform with the generally accepted
accounting principles.