Thematic Review of Non-investment Asset Valuation for Financial Reporting Purposes a consultation paper response [Electronic resource]
Language: English Series: RICS Consultation responsePublication details: London, Royal Institution of Chartered Surveyors, 25 July 2023Description: 25pSubject(s): Online resources: Summary: With member input, RICS responded to HMT’s thematic review of non-investment valuations which consults on changes that will affect Financial Reporting Manual adaptations and interpretations of the International Accounting Standard 16 relating to property and plant equipment and International Accounting Standard 38 in respect to the measurement of assets. The Treasury was seeking views on alternative valuation options and proposed changes to due process and invited comment on all options presented including Historical Cost Model; Current Value; Fair Value; historical deemed cost; DRC. You can read the RICS comment in this 25 page response.| Item type | Current library | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|
| Online material | Virtual Online | CONSULTATION RESPONSE (Browse shelf(Opens below)) | Available |
With member input, RICS responded to HMT’s thematic review of non-investment valuations which consults on changes that will affect Financial Reporting Manual adaptations and interpretations of the International Accounting Standard 16 relating to property and plant equipment and International Accounting Standard 38 in respect to the measurement of assets. The Treasury was seeking views on alternative valuation options and proposed changes to due process and invited comment on all options presented including Historical Cost Model; Current Value; Fair Value; historical deemed cost; DRC. You can read the RICS comment in this 25 page response.