Public institution assets assessment guide for comments

International china lawyers Valuation Standards Council ( IVSC ) issued a public sector assets assessment guide. The project covers the types of assets including the provision of transport, utilities and social, cultural, entertainment and service related buildings, structures, equipment and land.

This project by IVSC committee vice chairman Roy? Law shearn (RoyFarthing ) is responsible for. Roy commented: " to ensure that the public good funds control and management, correct identification of the provision of public services in the value of the assets is very important, but because this type of most assets in the market very few transactions, their special properties to the value confirmation difficult. These difficulties led practitioners to adopt a different approach, and our aim is to identify and promote best practice through to reduce this diversity. " It is understood, governments and other public sector bodies of finance is facing increasing scrutiny, which relates to the need to determine the value of assets to provide public services. For use in public service assets, although one part and used for commercial purposes of the assets is very similar, but most are dedicated to provide specific services, which has brought new challenge for evaluation.

Roy as an example: "china tax a valuation challenges brought the typical situation is to provide public services building, such as a fire station, which is located sites can be used to build more value in the other buildings, but in the interest of public safety, still will ask this established place fire station. "

Posted by: olike at 07:47 AM | No Comments | Add Comment
Post contains 261 words, total size 2 kb.