There has been recent criticism about the lack of recognition of intangible assets in companies’ financial statements: Financial Accountability and Reporting Essay, SUSS, Singapore, Singapore

University Singapore University of Social Science (SUSS)
Subject Financial Accountability and Reporting Essay

Write 400 words in response to the following: There has been recent criticism about the lack of recognition of intangible assets in companies’ financial statements. Discuss what changes, if any, you would make to the relevant accounting standard to overcome this issue.

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