In this article, Nick Tapazio makes the case that:
Over the last 20 years, businesses have undergone dramatic change....Economists refer to this shift as the “rise of the intangible economy.” Non-financial and intangible assets such as intellectual property, customer relationships, brand, and human capital now make up a majority a corporation’s net worth...So, what does this move from tangible to intangible value on a company’s balance sheet mean for today’s financial professionals? Quite a bit, actually. Business leaders look toward management accountants to provide a true picture of an organisation’s value.
This is where integrated reporting may help.
The article includes a discussion of integrated reporting adoption around the world as well as links to AICPA resources.
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