About the CFDG
Consultation: Heritage Assets
CFDG welcomed the opportunity to comment on the Accounting Standards Board's discussion paper called Heritage Assets: can accounting do better.
The Discussion Paper proposes that entities should adopt a policy of recognising heritage assets where it is reasonably practical. Specifically, a capitalisation approach is to be required where it is practicable to obtain valuations which, when supplemented with appropriate disclosures, provide useful and relevant information sufficient to assist in an assessment of the value of heritage assets held by an entity.
CFDG's Response:
Download
ASB discussion paper:
www.frc.org.uk/asb/press/pub1030.htm