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Financial Reporting Valuation

Specialised valuation services ensuring compliance with Australian Accounting Standards.

The Australian Accounting Standards Board (AASB) is an Australian Government agency under the Australian Securities and Investments Commission Act 2001. One of its primary functions is to establish accounting standards under Section 334 of the Corporations Act 2001. These standards apply to the general-purpose financial reports of reporting entities, listed entities, not-for-profit organisations, large corporations, and the public sector.

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Evolving valuation standards for financial reporting

Accurate asset reporting in line with IFRS ensures transparency and compliance.

Over the years, valuation requirements for financial reporting have evolved significantly. Accurate asset reporting in financial statements, in line with International Financial Reporting Standards (IFRS), has become essential. IFRS enhances comparability and transparency, eliminating multiple reporting frameworks. It mandates fair value reportingand depreciation based on an asset’s economic life, making it crucial for companies to obtain valuations from qualified and independent valuers.

auditor or internal revenue service

Asset valuation with accounting compliance;

Key accounting standards ensuring accurate asset capitalisation and fair value reporting.

The following accounting standards are relevant to asset capitalisation and fair value reporting in financial statements:

  • AASB 3 – Business Combinations
  • AASB 13 – Fair Value Measurement
  • AASB 16 – Leases
  • AASB 116 – Property, Plant and Equipment
  • AASB 136 – Impairment of Assets
  • AASB 140 – Investment Property
  • AASB 1051 – Land Under Roads


At B&A Valuers, we stay up to date with the latest accounting and valuation standards. Our valuers have a deep understanding of asset reporting at fair value during initial recognition and subsequent measurement, ensuring compliance with Australian Accounting Standards.

We provide valuation services Australia-wide, covering major cities, regional centres, and remote locations, ensuring comprehensive and accurate assessments.

All reports adhere to the International Valuation Standards (IVS), as published by the International Valuation Standards Council.

Independent Property, Plant, and Machinery Infrastructure Valuation Australia-Wide

Speak to B&A Valuers today for a no-obligation initial discussion on your valuation requirements.