The International Accounting Standards Board (IASB) is asking investors, companies and other stakeholders to take part in its short survey on the accounting requirements for reporting on intangibles in company financial statements.
This survey is part of the project the IASB launched earlier this year to comprehensively review the accounting requirements for intangibles. This project aims to assess whether the requirements in IAS 38 Intangible Assets remain relevant and continue to reflect current business models, or whether the IASB should improve the requirements.
The survey, which should take no more than 20 minutes to complete, will help the IASB to determine:
- the problem that the IASB needs to solve;
- the scope of the project; and
- how the IASB should best stage the work to deliver timely improvements.
