How will accounting adjust to keep itself relevant?

From Dr Nir Kossovsky.

Sir, We fully agree with Jennifer Hughes ("Little value in making goodwill even more intangible", May 8): investors are hungry for information; the value of most firms resides in their intangibles; acquirers do not look at businesses as a bucket of assets and liabilities; and reputation is another really hard-to-quantify intangible asset.