Accounting Books


Auditing Intangibles

by Koji Ikeda
/Professor, Konan University
Page Count: 418pages
Pub. Date: First Printed in March 2009


 In 2001, Professor Baruch Lev (Stern School of Business, New York University) published the research report entitled Intangibles: Management, Measurement, and Reporting. Professor Lev pointed out the limitations of traditional accounting systems and proposed the comprehensive information system highlighting the intangible assets ("Intellectual Capital," i.e. IC according to European style terminology) of modern business enterprises. In today's knowledge-based new economy, particularly high-tech growth and other knowledge intensive industries, traditional accounting systems are no longer sufficient. From this perspective, this book discusses the XBRL solutions for Enhanced Business Reporting (EBR), that is accounting systems extended so as to be able to integrate corporation's IC; brands, intellectual properties, innovation capabilities, human resources, organizational resources, etc. In addition this book explores new IT auditing approach to EBR.