Circular No. (000324) for the year 1447

Type:	Circular
Date:	1447-04-23
Document Number:	000324
Source:	Saudi Organization for Chartered and Professional Accountants
Summary:	By AI The text addresses International Accounting Standard (40), which requires entities to measure the fair value of investment properties for measurement and disclosure purposes. The standard mandates an appraisal by an independent, certified, and experienced valuer, with a requirement to disclose the valuer’s name and qualifications. Following a decision by the International Standards Board, some requirements were removed, making measurement based on an independent appraisal non-mandatory, though s...

Type:

Circular

Date:

1447-04-23

Document Number:

000324

Source:

Saudi Organization for Chartered and Professional Accountants

Summary:

By AI

The text addresses International Accounting Standard (40), which requires entities to measure the fair value of investment properties for measurement and disclosure purposes. The standard mandates an appraisal by an independent, certified, and experienced valuer, with a requirement to disclose the valuer’s name and qualifications. Following a decision by the International Standards Board, some requirements were removed, making measurement based on an independent appraisal non-mandatory, though s...