Global Standard Makers to Revisit Intangible Assets, Cash Flows

The International Accounting Standards Board said Monday that it should revisit the accounting rules for intangible assets and cash flow statements as it discussed its work plan for the next five years.

All 10 of the IASB members present voted in favor of setting standards in the two areas, as well as creating a reserve list of projects to address if resources allow. The board was discussing feedback on its work plan for 2022-2026. It sought recommendations from stakeholders last year for new standard-setting projects.

• The board voted to launch a comprehensive review of International Accounting Standard 38, which covers ...