Crypto, Software Top Global Accounting Board’s New Year Focus

Global standard-setters will focus their attention in 2026 on updating fundamental accounting frameworks that have failed to keep pace with recent developments like the spread of digital currencies and software’s increasing importance to corporate value.

The International Accounting Standards Board is set to decide where to go with a research project on the corporate cash flow statement. It’s one of the three main methods of financial reporting, along with the balance sheet and income statement. Here, the board could tackle issues such as cryptocurrency transactions, which aren’t technically cash deals.

Another research project on the board’s agenda covers so-called intangible ...