Assets Driving AI Economy Vie for US Accounting Board Refresh

The US accounting board signaled support to continue modernizing its rules for assets like patents and copyrights that drive the modern economy.

Any future project from the Financial Accounting Standards Board should target specific types of intangible assets rather than a broad rewrite of its rules, board members said during a meeting Wednesday. The board took no formal action, but plans to consider such a project—along with a wish ...