Growing businesses with intangible asset disclosure

THE global economic landscape is continuously evolving with the focus increasingly on innovation and new technologies. As such, a growing part of companies’ value resides in their intangible assets (IA), including intellectual property (IP), to a global sum of around US$57 trillion today.

It is imperative that mechanisms are in place for businesses to capture more opportunities from their IA.

While IA has increasingly become drivers of economic and business value, IA reporting remains at a nascent stage globally and there is room for improvement in the amount of IA information being disclosed beyond financial reporting requirements.