How often and when should revaluations be undertaken
Some entities undertake annual revaluations, some every three years and some every five years. Which is the right strategy for you? It’s not a simple as referring the accounting standards or your jurisdictional requirements. The frequency of revaluation has significant impacts with other accounting standards as well the impact on asset management planning and the ability to deliver good corporate governance outcomes. The attached paper provides a detailed overview of considerations and suggested strategies.