Global Rulemaker Launches Major Review of Intangibles Accounting

A global accounting standard-setter said Tuesday that it had started a comprehensive review of intangibles accounting, after complaints that current rules result in many intangible assets such as intellectual property being ignored in company financial statements.

The International Accounting Standards Board decided to include the project as part of its work plan in April 2022, after feedback on its strategy through 2026 found strong appetite among investors and others for changing the rules. The board launched initial research at its meeting Tuesday to determine what changes might be necessary, with a possibility the project could be completed in several different ...