Global Rulemakers Eye Crypto in Intangibles Accounting Review

Global rulemakers Thursday included cryptocurrencies in the topics they might tackle as they look to modernize accounting for intangible assets such as intellectual property.

The International Accounting Standards Board discussed possible ways to change existing intangibles accounting rules that investors say result in inconsistent and incomplete corporate reporting. The board writes accounting standards that are used in more than 140 countries, including most major economies except the US.

Last year the IASB launched a comprehensive review of intangibles accounting, although it has yet to decide whether to write a new set of rules. Current standards are 20 years old and ...