Unleashing the hidden value: The power of intangible assets
CPD: 1 Hour(s)
Intangible assets, such as trademarks, brand reputation, and intellectual property alike, are increasingly becoming the primary drivers of corporate value. The importance of intangible information reported by entities cannot be overstated, as it provides valuable insights into a company’s operations, competitive advantage, and long-term growth potential.
Join us for an informative session with Dr Eric Lee, Head of Research at the Australian Accounting Standards Board (AASB), and Dr Ao Li, AASB Manager, as they provide an update on the latest discussions around accounting and reporting related to intangible assets. In addition, the audience will have the opportunity to provide feedback on best practices for disclosing intangible asset information by entities.
Dr Eric Lee
Head of Research, AASB
Eric has a wealth of expertise spanning 20 years in academic, Big Four accounting firms and standard-setting roles. He has a proven track record of producing independent analysis and research reports, tackling intricate accounting technical and reporting matters, forming strategies, leading extensive outreach activities, and engaging key stakeholders through various domestic and international presentations.
Currently serving as the AASB Research Principal, he is the head of research and leads the AASB Research Centre with the primary responsibility to develop, implement and oversee the AASB’s research strategies that are coherent with the evidence-based approach to setting standards. He is tasked with initiating and managing research/thought-leadership projects that will inform AASB and international standard-setters about current and future accounting and reporting issues. He also plays a significant role in developing and building relationships with Australian and international researchers, policymakers, and standard setters.
Dr Ao Li
Ao is a highly skilled professional in financial reporting, having completed her PhD at the Australian National University.
Since joining the AASB in June 2019, Ao has been involved in a number of domestic projects, such as the removal of special purpose financial statements for certain for-profit private sector entities, the not-for-profit Financial Reporting Framework project, and auditor-engagement-related disclosure. Ao has also been supporting the AASB’s involvement in various international projects across various topics, such as leases, goodwill and impairment, and intangibles. Additionally, Ao assists the AASB Research Principal in managing the AASB research program, including the AASB Research Report series and AASB Annual Research Forum.
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