Intangibles disclosure: A user-based approach to enhanced external financial reporting

As societies transition from the industrial age to the information age, the importance of intangible assets has increased in the business world. The wave of companies moving to invest in intangible assets and the formation, encouragement, and inclination to create knowledge-based and technology-driven corporations have been indicative of changing business models, strategies, and moves toward a developed economy. However, accounting standards for intangible assets appear to have been neglected, resisting the shift to alignment with economic change. The purpose of this research is to design a model based on the views of key users for reporting intangible assets. This research is a qualitative research using a grounded theory approach. The statistical population consisted of auditors, official justice experts, bank creditors, managers of investment firms and managers of knowledge-based corporations, using a purposive sampling approach in total of 15 individuals selected as research participants.  Data were collected by interview and semi-structured and then, using content analysis, the main themes were identified and their network was drawn using NVIVO software. The categories of causal, strategic, and consequential were introduced, and financial reporting was identified as an intervening variable, "useful decision making information"a component that could be seen in all categories. It was useful to know how to make decisions about intangible assets. The title of the pivotal category was introduced.