Closed consultation

Non-investment Asset Valuation - Exposure Draft 23 (01)

From:
HM Treasury and The Rt Hon Laura Trott MBE MP
Published
14 December 2023

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Summary

Public consultation on HM Treasury proposals for adaptations and interpretations of international accounting standards in respect of the measurement of assets

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Consultation description

Public consultation on HM Treasury proposals for changes that will affect Financial Reporting Manual (FReM) adaptations and interpretations of International Accounting Standard 16 Property Plant and Equipment (IAS 16) and adaptations of International Accounting Standard 38 Intangibles (IAS 38), in respect of the measurement of asset, as follows:

  • The document contains HM Treasury’s proposed changes to the valuation of non-investment assets as discussed and agreed by the Financial Reporting Advisory Board
  • Its publication forms part of due processes for any such changes
  • It is a technical document that sets out the rationale for HM Treasury’s conclusions, and the detail of proposed changes to the FReM
  • It invites comment from interested parties on the proposed approach

Documents

Non-investment Asset Valuation for Financial Reporting Purposes – Exposure Draft 23 (01)

PDF, 362 KB, 28 pages

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Published 14 December 2023