Is the accounting for knowledge companies right?

Professor Janek Ratnatunga is the chief executive officer of the Institute of Certified Management Accountants. He speaks with Tom Ravlic about the shortcomings he believes exist in company reporting and how intangible assets- things that have no physical substance - could be accounted for in ways that make financial statements more meaningful in his view to people using them. He also believes that the accounting framework's limitation also diminish the value of audit reports. Hosted on Acast. See acast.com/privacy for more information.