Better Information for Intangibles: Which is the Best Way to GoEuropean Financial Reporting Advisory Group discussion paper
Since the 90s, business leaders have understood that digitization would transform the fundamental makeup of our economy. That vision has come to pass as the engine of our economic growth has begun shifting from goods and services to intangible assets.
CPAs have always approached intangibles cautiously but as they increasingly drive for economic growth the profession may need to reconsider its approach.
This paper introduces the intangibles conversation and asks CPAs to consider what role the profession is meant to play in this exciting—and controversial—space.
Business and policy leaders are currently engaged in a critical discussion about how to value and report on intangibles. It’s time for the accounting profession to play a leading role in the debate.
We encourage you to read CPA Ontario’s 2021 whitepaper “You Can’t Touch This: The intangible assets debate” and join the discussion.
Better Information for Intangibles: Which is the Best Way to GoEuropean Financial Reporting Advisory Group discussion paper
Time to Get Tangible about Intangible AssetsInternational Valuation Standards Council perspectives paper series
Third Agenda ConsultationInternational Accounting Standards Board