The accounting problem of heritage assets

Heritage assets are particularly important assets for the culture, the history and the identity of a country. It is important to recognize them in the governmental financial reporting because users are interested in assessing whether the Public Governance has managed the available public resources in an appropriate manner. The paper aim is to examine the accounting problem of valuation, recognition and disclosure of heritage assets and to analyze the role of the IPSAS 17 in resolving these valuation difficulties.