Wilmar International

A woman processes poultry at a Charoen Pokphand Foods (CPF) processing plant in Thailand. The company says new accounting standards are proving “a headache”. Photo: Reuters

Accounting for flora and fauna gives Southeast Asia growing pains

Auditors and investors in Southeast Asia are pushing back against an accounting standard used to value farm animals, crops and other agricultural produce that they fear will make profits more volatile and raise the risk of corporate skulduggery.