Asset valuation too much for some charities
24th April 2007, 4:25 pm
Proposals from the Accounting Standards Board that charities should look at assessing the value of ‘heritage assets’ such as buildings, lands and paintings are being challenged.
Third Sector quotes the National Trust’s finance director as saying that the proposals are unworkable (http://www.thirdsector.co.uk/channels/Finance/Article/649376/), while the Institute of Chartered Accountants in Scotland says that they could prove costly and burdensome (http://www.icas.org.uk/pressoffice/v4_newsArticleView.asp?article=5024).
The ASB consultation closed last week.