TECHNICAL ROUND UP – NEW IAS CHAIR FLOATS REVIEW OF IFRS ON INTANGIBLES
September 2nd, 2021
The new chair of the International Accounting Standards Board (IASB) has said the body will consider reviewing its standard on intangibles, IAS 38. Following feedback from advisory groups and consultative bodies, Andreas Barckow said that IAS 38 is “more than 20 years old and has never been revisited other than for consequential changes resulting from other projects”. He stressed “the significance of intangibles, especially self-generated intangibles, has increased substantially…”, with IFRS failing to “capture well” service “value creation or ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.