The International Accounting Standards Board recently revealed an important update—next year, they will prioritize updating the foundational accounting framework. Why? Because digital currencies are becoming more widespread, and the proportion of software and intangible assets in corporate value is soaring. The traditional accounting framework is starting to fall behind.

Specifically, they plan to conduct in-depth research on the cash flow statement, focusing on addressing loopholes in existing rules—especially when cryptocurrency transactions do not meet the traditional definition of cash transactions, and how to handle accounting treatment and information disclosure accordingly. They are also exploring better ways to recognize and measure intangible assets, with a focus on digital assets like software and data.

What does this series of actions mean? It indicates that the financial disclosure standards for the cryptocurrency industry and tech companies may undergo significant adjustments, and valuation frameworks will evolve accordingly. For enterprises and investors deeply involved in these fields, it is very important to stay informed about these upcoming changes.