We're often asked what questions directors and management teams should be asking around intangible assets in order to understand how these can be leveraged. Here we've prepared a 'cheat sheet' of the top 10 questions to ask to determine just how well your company is managing its intangible assets.
Our January newsletter focuses on intangible asset audits. Modern accounting standards tend to encourage companies to ignore or overlook intangible assets – they either don’t make the balance sheet at all, are lumped together under goodwill, or are merely recorded at cost (for which there is virtually no correlation at all to value). This means that the value and risks around intangibles assets often end up being masked. However, conducting an audit of your intangible assets can help uncover the true value of these assets.