PPI is valid for the entire assessment on the public sector assets, which have in any financial reports, which can be divided based on the skills and abilities assessors (with the exception of asset assessment Owned Government / BUMN the appropriate PPI 1)
IVS facilitate cross-border transactions and ease the global market through the harmonization and transparency in financial reporting. PPI is organized in the context of IPSAS. In September 2005, the IPSAS Board issued Exposure Draft No. 11 IPSAS issued to meet the changes in International Accounting Standard (IAS) issued by IASB in December 2003 as part of the project General Improvements Project. PPI is organized in the context of the revision as proposed IPSAS in the Exposure Draft.
IPSAS, PSAK adopt IFRS and two models of property assets in the Balance: The cost model and the model Fair value. When the model value Fair applied, required revaluation latest of assets, and the PPI is a particular focus on the conditions in which market value or other basic assessment was reported. Throughout the SAP model not recognize value Fair, KPSPI that assessors can refer to IPSAS for the Public Sector Assets.
Legislative decision-making, regulatory, accounting, or jurisprudence may need modifications to cause the application under certain conditions. Any differences regarding the conditions must be mentioned and explained in detail in the assessment report.
