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This is not just an accounting issue; it’s a symptom of a broader problem that threatens our ability to compete in the global economy. At the heart of this issue is IAS 38 , the international accountingstandard for intangible assets, which may be doing more harm than good for South Africa’s economic ambitions.
Chinese Study highlights limitations on IAS 38, accounting for intangible assets A recent study from China highlighted the limitations of IAS 38 —the International AccountingStandard that governs intangible assets—and its impact on innovation, particularly in high-tech industries.
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