Intangible assets (IA), including IP, are critical drivers of economic and business value. Singapore is committed to developing as a hub for IA/IP transactions and commercialisation. Credible, trusted IA/IP valuation will be a core enabler, together with a conducive ecosystem for IA/IP disclosure and reporting.
Data, brands, technologies and know-how, these are just some of the over US$65 trillion of the world’s intangible assets (IA) which are increasingly value drivers in our digital economy. Yet, a large part of the value of these IA remains undisclosed and is estimated to represent more than 30% of global enterprise value. Might the accounting rules that determine which IA are reported in a company’s financial statements be due for a reform?
Internationally, financial reporting associations like the European Financial Reporting Advisory Group (EFRAG) are studying the need for better reporting of IA. What steps can Singapore take to better support IA/IP-rich businesses in reporting and communicating their IA for business growth and capital raising? Join this webinar to discuss with industry experts, regulators and business owners.