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IASB launches comprehensive review of accounting for intangibles

Written on May 2, 2024

The International Accounting Standards Board (IASB) is beginning a comprehensive review of accounting requirements for intangibles

The project will assess whether the requirements of IAS 38 Intangible Assets remain relevant and continue to fairly reflect current business models or whether the IASB should improve the requirements. 

During the IASB’s Third Agenda Consultation, stakeholders identified this as a high-priority project.  

The 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, the IASB will be consulting with its advisory bodies and other stakeholders to help inform the project plan. This will be discussed at a future public meeting. 

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