New framework encourages companies to disclose intangible assets

SINGAPORE companies will receive more guidance on how to disclose and communicate the value of their intangible assets, under a new framework that is among the first of its kind globally.

The Intangibles Disclosure Framework (IDF) was launched on Monday (Sep 4) by the Intellectual Property Office of Singapore (Ipos) and Accounting and Corporate Regulatory Authority (Acra).

The framework is part of the Singapore IP Strategy 2030, an initiative supporting technology innovation in the city-state. Led by Ipos and Acra, the IDF was developed by an industry working group with representatives from the accounting, valuation, legal and financial sectors.