Asset Management

Asset Values for Financial Reporting

  • 1.  Asset Values for Financial Reporting

    Posted 15 days ago
    We have become aware some State and Federal agencies are implementing measures to reflect the impact of COVID-19 on asset values. Regardless of how assets are measured for fair value, fair value is a market exit value and must reflect market participant behaviour.

    Is Local Government  reflecting the impact of COVID-19 on asset values?

    Are auditors sufficiently armed to consider this question?

    Whilst the degree of uncertainty might be a topic for discussion, Local Government fixed assets are not Teflon coated.


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    Martin Burns
    National Director of Valuations
    Liquid Pacific
    North Sydney
    02 9025 3788
    solutions@liquidpacific.com
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