Most governments around the world have either or are currently in the process of implementing the accrual based IPSAS standards. As a result, they will need to initially identify, capture, record and value their assets in accordance with the IPSAS accounting standards.

 

Even after initial recognition the valuations will need to be regularly maintained. Our extensive experience shows that the most cost-effective way to keep valuations up-to-date is to undertake a comprehensive revaluation every three years with desktop updates done in the intervening years.

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The types of assets will include land, buildings, public and commercial infrastructure assets. These assets may be held by :-