Janice Denoncourt, associate professor in Intellectual Property, Finance and Corporate Governance at Nottingham Law School and director of the School’s IP Research Group, has been appointed to the Academic Advisory Group (AAG) set up by the UK Endorsement Board (UKEB).
The UKEB influence, endorses and adopts new or amended accounting standards issues by the International Accounting Standards Board (IASB) for use by UK companies.
The Advisory Group is made up of an experienced interdisciplinary group of nine UK academics and authors researching in the field of accounting for intangibles. The AAG member will provide specialist expertise and technical advice on the UKEB research agenda, research programme and financial reporting issues to assist. Their work will assist the UKEB and the International Financial Reporting Standards (IFRS).
The Advisory Group’s work will initially focus on their Intangibles Endorsement Project and Dr Denoncourt will contribute interdisciplinary knowledge of IP rights law and corporate governance.
Janice has recently contributed to the work of the European Accounting Association’s (EAA) ‘Intangibles’ Working Group.
The UKEB’s aim is to improve the quality of financial reporting, introduce reforms for the long term public good.
Accounting standards are chiefly used to ensure that a company’s accounts give a ‘true and fair’ view of its assets, liabilities, financial position and profit or loss. The ‘true and fair’ requirement was on-shored into UK legislation in May 2021 as a result of the UK’s Exit from the EU and replicates preceding requirements in this area.
Janice is the author of Intellectual Property, Finance and Corporate Governance (2018) Routledge which advances intangibles and IP rights asset reporting in alignment with the key corporate governance principles of transparency and disclosure. She analyses the juncture between the IP rights ecosystem; corporate finance and accounting for intangibles; and corporate governance.
