The total is higher than 23 due to multiple responses

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Unformatted text preview: x x x x x x 14 x x x x x x 6 x x 2 22 The total number of entities is 23 (15 EU members, 6 other countries and 2 international organizations). The total is higher than 23 due to multiple responses. (Moreover, the concept of entity is applied to cover both countries and supra-national organizations. 1 The Exposure Draft ED 49 “Accounting for identifiable intangible assets” gave a strict definition of intangible assets. There was strong opposition to this definition, resulting ultimately in withdrawal of the proposal (AARF and AASB report, September 1994). 6 Of the 23 entities studied, all – except Ireland – define intangibles by means of lists comprising the types of intangible items which can be recorded as an asset. The IASC does not really give a list of intangible assets, but standard IAS 38 includes a list of intangible assets excluded from the definition: IAS 38 specifies that “internally generated goodwill, brands, mastheads, publishing titles, customer lists and items similar in substance should not be recognized as assets”. Ten entities have a conceptual approach to intangible assets in their standards. Of these ten, four have tautological definitions (Ireland, the Netherlands, Canada, the USA); six define intangibles by opposition (Austria, France, G...
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