The International Accounting Standards Board (IASB) added a project on Intangible Assets to its research pipeline based on the analysis of feedback on its Third Agenda Consultation. As part of their initial work on this project, the IASB will comprehensively review the accounting requirements for intangible assets and seek to identify the scope of the project. Research pipeline projects are those that the IASB expects to start before its next five-yearly agenda consultation.
The Accounting Standards Board (AcSB) is undertaking research to get a better understanding on the types of intangibles that are gaining prevalence in the Canadian market and the information required by financial statement users. The Board intends to use this research to inform future international discussions on this topic.