...Timothy Eccles; Andrew Holt Purpose The unique characteristics of property are being recognised by those who create accounting standards. The purpose of this paper it to discuss the process by which standards are created and the opportunities for the involvement of property professionals, owners...

..., these variations have survived the revision of the Red Book in 2003. The International Valuation Standards 2001 (IVSC, 2001) no longer include market value for existing use. The International Accounting Standards Committee (IASC) and the International Valuation Standards Committee (IVSC...

..., there are the strict disciplinary procedures imposed and administered by the RICS (Royal Institution of Chartered Surveyors, 2002a, b). © Emerald Group Publishing Limited 2004 Real estate Accounting standards Asset valuation Contemporary valuation practice is being shaped by a combination...

.... The treatment of owner‐occupied property differs with the IVSC no longer recognising EUV, which it holds to be contrary to the principles of fair value, as enshrined within International Accounting Standards. Yet, the basis is still recognised by TEGoVA, which also espouses fair value, whereas the RICS prefer...

... and implementation of accounting standards. Because of the lack of a codified conceptual framework, property assets were regarded identically to other assets. Equally, property managers attended to technical, infrastructural and legal aspects of managing properties. Examined in this paper, the development process...