As the accountant for Harrison Ltd, you have witnessed the company's remarkable success over the past year. Sales and profits have surged significantly compared to previous years, and the customer base has doubled within the last 12 months. In light of these achievements, the directors have asked you to recognise two new internally generated intangible assets in the company's financial reports: goodwill and the customer list. Required: Advise the directors whether these internally generated intangible assets can be recognised in Harrison Ltd's financial reports. Provide references to specific paragraphs in the accounting standards to support your advice