Accounting for Heritage Assets
11th July 2008, 2:30 pm
A final consultation on a new Financial Reporting Standard on Heritage Assets follows an earlier discussion paper and exposure draft.
Third Sector reports that proposals which would have required charities to spend resources on valuing assets that hadn’t had a purchase price or prior valuation have been dropped. Download the Financial Reporting Exposure Draft: ‘Heritage Assets’ (FRED 42), in pdf, 212KB.
Deadline for responses 10th October.