Global Accounting Rules for Income, Climate, Intangibles on Tap

A hiatus in the rollout of new global accounting standards is ending as rulemakers look to update some decades-old rules to better fit financial value concerns for today’s companies.

The International Accounting Standards Board is expected to launch or finish a few key standards in 2024. Among the board’s most important projects will be finalizing big changes to the income statement, in a rethink of its first-ever standard covering what companies must report in their financial statements.

The board also is taking a close look at long-standing problem areas like measuring intangible assets, such as branding and intellectual property. Improving ...