Asset & Insurance Reinstatement Valuation plus Associated Work

Herefordshire Council requires formal asset valuations for inclusion in the Council's asset register and balance sheet by the end of the financial year. This needs to be undertaken in accordance with guidance produced by the RICS (Royal Institution of Chartered Surveyors) and the International Financial Reporting Standards (IFRS) - Code of Practice on Local Authority Accounting (the Code) published by CIPFA (Chartered Institute of Public Finance and Accountancy). An extract from the CIPFA Code guidance relating to...