Asset Valuations for Statutory Financial Reporting
Cherwell District Council · South East
Key facts
- Closing date
- 09 Nov 2023
- Contract starts
- 01 Dec 2023
- Contract ends
- 30 Nov 2026
- Procedure
- Open procedure
- Buyer type
- Local government
Description
Under the CIPFA Code of Practice on Local Authority Accounting, Cherwell District Council (CDC) is required to undertake professional valuation of any asset it holds under the revaluation model (IAS16 and IAS40, as adapted by the CIPFA code) for financial reporting purposes. The valuations are required to be undertaken by suitably qualified valuation professionals and at a frequency that ensures the book values declared in the Council's accounts are current and materially accurate. The council intends to operate a 3-year valuation schedule to ensure that the values remain current and materially correct.
Categories (CPV)
- 79212500 Accounting review services
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