Comprehensive review required for recognition of intangible assets for keeping pace with expansion of digital economy: CII
New Delhi [India], January 22 (ANI): The Confederation of Indian Industry (CII) has called for a comprehensive review of the recognition and accounting of intangible assets as India transitions towards a digital economy.
According to CII, intangible assets are crucial for value creation in modern business models, especially in sectors like Software as a Service (SaaS), Platform as a Service (PaaS), blockchain platforms, a