Amazingly, it is already nearly time for the next full international meeting of the ISO project, a formal meeting of PC251 in Washington DC in October (see below for an opportunity to get involved).
It is evident from your communications that many countries have been involving people in preparing their contributions and comments for this and the UK Mirror Committee has its last meeting on 5th September to finalise our own input.
It is very exciting to see the growing interest worldwide in our young discipline. Keep spreading the word!
As you no doubt are aware, the US TAG (Technical Advisory Group) to ISO/PC 251 is hosting the next ISO meeting in Arlington, VA, and they desire to both publicize the meeting and present the opportunity to others to help sponsor the meeting.
Although some countries, in particular Australia, already have solid experience of 'Fair Value' accounting and valuation methods this is relatively new in the UK but is starting to be both relevant and urgent in other parts of the world too.
In order for a Government to satisfy their accounting obligations they now need to prepare Whole of Government accounts in accordance with the International Financial Reporting Standards (IFRS). Arguably this will become the natural way for all kinds of organisations to approach these activities and arguably this is a better fit with the concept of asset management as we understand it.
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