This issue discusses the implications of economic obsolescence in fixed assets for financial reporting purposes, progress made by the IVSC Advisory Forum in developing a valuation profession globally, and an article about a trip to Nigeria.
When valuing fixed assets using the cost approach, economic obsolescence is often difficult to identify and estimate and has been under increased scrutiny when the valuation is used for financial reporting purposes.
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Christina Chojnacki, ASA and Leslie Vitale, ASA
The IVSC has led the development of valuation standards for more than 30 years. It is the appropriate vehicle to represent the global valuation profession and respond to the increasing demand for credible, globally-recognised valuation standards.
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John Martin, Chairman of the IVSC Advisory Forum
Leslie Miles, FASA was invited to speak at the Nigerian Institution of Estate Surveyors & Valuers (NIESV) conference along with the faculty of Plant and Machinery of that organization.
