TANGIBLE ASSETS REVALUATION AND THE FAIR VIEW

Each year in preparation of annual financial statements must be evaluated the entity’s assets to be presented, so that these assets to be recorded in the financial statements at fair value need regular revaluation. Revaluations should be made with sufficient regularity so that the accounting value to does not differ substantially from that which would be determined using fair value at balance sheet date, so is guarateed the true and fair view of the financial statements. The study contains an analysis of the selected sample of 57 entities that responded to the questionnaire sent, with regard to: revaluation of assets of the entity, the reason of revaluation and the notion of true and fair view.