On June 20, 2012, Hans Hoogervorst, chairman of the IASB, addressed the International Association for Accounting Education

Question:

On June 20, 2012, Hans Hoogervorst, chairman of the IASB, addressed the International Association for Accounting Education & Research (IAAER) conference in Amsterdam. Obtain a copy of his speech at www.ifrs.org. What challenges are identified in that speech related to ? How do the identified challenges affect the audit of these assets?

Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...