Best Practices
Economic Review Best Practices
Review economic evidence, policy, and controls without mistaking estimates for booked facts.
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Label every value
Use qualified terms: acquisition cost, carrying amount, tax basis, replacement value, insured value, lender-stated value, fair value, disposal proceeds, or scenario estimate. Include currency, as-of date, and policy version.
Preserve approval boundaries
The system can preserve calculations and evidence, but it does not decide PFRS/IFRS conclusions, replace a general ledger, or file reports. Use maker-checker approval and accountant-authorized policy before a period is closed.
Reconcile two ledgers
Operational quantities, locations, and custody reconcile to the asset/economic subledger; the subledger reconciles to exported journals or external receipts. They should agree where mapped, but they are not the same record.