IASB seeks feedback on reporting standards for intangible assets

Posted on November 10, 2024 by Editor

The International Accounting Standards Board (IASB) is requesting input from stakeholders on how intangible assets, such as brand value and internally developed technology, should be reported. Through a public survey, IASB is exploring potential updates to IAS 38, which governs the reporting of intangibles.

This project aims to align accounting standards with the evolving digital economy, ensuring that disclosures accurately reflect the value of intangible assets in today's market.

The survey, open until 30 November 2024, seeks to gather insights on the relevance and effectiveness of current standards.

Feedback gathered will help shape IASB's approach to future standards concerning intangible assets.

Links to participate in the survey can be found on the IASB website.