International IFRS 3

Previous studies from Intangible Business looked at how IFRS 3 had been applied in the UK by the FTSE 100 and how its equivalent, SFAS 141, was applied in the US by the S&P100. We found that the standards were not being adhered to fully, allocating too much to inadequately explained goodwill and not enough to identifiable intangible assets, with many disturbing examples of how the standards were being ignored. This new report compares this with how IFRS 3 has been implemented across the rest of the world (ROW) by companies in the FT Global 500, who report under IFRS. The aim was to find if there are any difference between the world’s many regions and countries and if so, what lessons could be learnt.