IVSC proposal on valuation of assets for financial statements
08 Feb 2004
A working group of the International Valuation Standards Committee has published, for comment, a draft position statement addressing the valuation implications arising from the recently revised IAS 16 'Property, Plant and Equipment'.
The draft proposes a new valuation basis in response to the change in establishing fair value under IAS 16. The IVSC Management Board will debate the recommendations of the working group at its meeting in early April but approved the early release of the position statement for exposure. Comments are due 19 March 2004. Click to download:
- IVSC Press Release (PDF 143k).
- IVSC Position Statement: Valuation of Assets for Financial Statements (PDF 161k).
