Overview
Engaged to deliver financial reporting and insurance valuations for a major vocational education provider. Required alignment with international valuation standards, Australian Accounting Standards, and Treasury Guidelines.
Scope
- Valuation of 1,800+ buildings across 150+ campuses.
- Included condition assessments, updated area data, and componentised financial asset records (~10,000 items).
- Fixed Asset Register reviewed and refined for accuracy.
Approach
- Robust project management framework with Gantt charts, SharePoint access, milestone tracking, and structured stakeholder meetings.
- Inspections carried out by local experts from 12 regional offices supported by a national team.
- Comprehensive reporting with asset descriptions, useful life estimates, and condition ratings.
- Multi-phase quality assurance process including internal risk review and third-party validation.
Outcome
- Delivered detailed, audit-ready valuations that exceeded client expectations.
- Significantly improved financial reporting outcomes under audit scrutiny, achieving the clients strongest result to date.
- Established a benchmark for future valuation engagements in the education sector.
- Strengthened client partnership through transparency, compliance, and quality execution.