Policy 11.4 - Average Market Value Audits

Effective Date: 01-Apr-93
Responsible Branch: Revenue Branch

Resource Management Volume Table of Contents | Amendment Log

Scope

This policy covers audits of log sales data and lumber/chip sales data reported by licensees. Sales data is used to determine Average Market Values (AMVs) for direct use in appraisals.

Policy

Revenue Branch will establish and review:

• criteria and requirements for log sales data reporting by coastal licensees
• the list of interior licensees who must provide monthly reports of lumber and chip sales data

The Regional Revenue Audit Coordinator will audit the reported sales data to ensure accuracy and compliance with reporting instructions. Audits will be conducted a minimum of twice yearly, or more often if deemed necessary.

Procedures

Acceptable audit format and procedures are contained in the following:

• Audit Procedures for the Log Sales Data Report
• Audit Procedures for the Lumber and Chip Sales Data Audit Report

The recommended sales data format and reporting instructions are outlined in Procedures for Reporting Log Sales. Format and mill net value calculations are outlined in Instructions for Reporting Monthly Lumber and Chip Sales.

Confidentiality

Information supplied in these audits is confidential and must remain so under the Freedom of Information and Protection of Privacy Act.

References

• Freedom of Information and Protection of Privacy Act