The approach to accounting for intangibles raises some issues because:

		assets are now subject to impairment testing, which will remove the professional judgement required for amortisation.
		consistency has now been achieved regarding research and development meaning entities cannot claim to have expended resources on potential benefits while other entities could not.
		many intangible assets will not be recognised under this approach, particularly in regard to internally generated assets.
		intangible assets are more likely to be recorded at fair values because of the active market criteria, which may overstate asset values.