Singapore: Enhanced Transparency for Intangible Assets Through New Disclosure Framework
The collaboration between the Intellectual Property Office of Singapore and the Accounting and Corporate Regulatory Authority has led to the introduction of the Intangibles Disclosure Framework (Framework). This initiative offers companies guidance on recognizing and revealing various non-physical assets or intangibles, such as intellectual property (IP) rights, to diverse stakeholders. The Framework comprises four key pillars: Strategy: Assists companies in communicating how intangibles align with and contribute to a company’s overall corporate strategy. Identification: Recommends categorizing intangibles into six distinct groups based [...]
