On Apr. 23, IASB announced review of intangibles accounting rules.
IASB announced comprehensive review of accounting requirements for intangibles.
Overview
Project will assess if IAS 38 Intangible Assets requirements are relevant and continue to reflect current business models or whether IASB should improve requirements.
During IASB’s third agendaconsultation, stakeholders said this is high priority project.
Initial research and planning phase aims to define the scope of issues to be explored in the project, and explore the best approach to plan and organize the work.
Over the next few months, IASB will consult with its advisory bodies, other stakeholders to help inform the project plan, to be discussed at a future meeting.
