IMA FRC comment letter in response to FASB’s Invitation to Comment—Recognition of Intangibles

June 4, 2025

IMA’s Financial Reporting Committee (the Committee) issued a comment letter in response to the Financial Accounting Standards Board’s (FASB) Invitation to Comment—Recognition of Intangibles.

Overall, the Committee expressed its support of the addition to the FASB agenda of a project related to intangible assets, given its rising significance to many companies and global capital markets. In general, the Committee offered the suggestion of using a phased approach to this project, the details of which can be found in the full comment letter.