This document discusses whether human capital should be considered an asset. It notes that while CEOs often say people are a company's most important asset, accounting standards do not currently treat human capital as an asset. The document reviews International Financial Reporting Standards which define an intangible asset as something that is identifiable, generates future economic benefits, and can be measured reliably. While human capital provides value, it does not meet the accounting definition of an asset because it is not separable from the people who possess it and cannot be measured reliably. The document considers human capital an invaluable but invisible type of value for companies.