Hm Treasury
Details
This thematic review assesses the current regime of asset valuation across the public sector, and identifies and evaluates the case, options, and timing for any revisions to the current approach. The review has considered the strengths and areas for improvement of the current regime, and potential developments going forwards.
This review helped HM Treasury to determine whether changes to the current regime should be formally consulted upon going forward. A Consultation Paper on changes to the Financial Reporting Manual (FReM) guidance on non-investment asset valuation was published in March 2023. The proposals in the Consultation Paper draw from the findings of this thematic review.