Putting a price on heritage assets

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What is the IPSASB consultation paper the first step towards?

  2. How many reporting practices exist for heritage items?

  3. Which organisation definition is the most widely accepted?

  4. The IPSASB heritage definition relates to -

  5. Why does IPSASB not use existing standards to cover heritage items?

  6. Definition aside, what other challenge arises in reporting heritage items?

  7. What has made the task of developing a standard on heritage items even more difficult?

  8. How has New Zealand chosen to approach the matter?

  9. How does the Hong Kong government define heritage assets?

  10. Why does the HK government say it is best not to recognise heritage assets as fixed assets?