Definition: Non-revaluing is a legal concept in accounting that refers to the practice of valuing assets and liabilities at their original cost, rather than their fair value. This means that if an asset or liability has been impaired due to a loss event, it is not discounted with respect to its future cash flows but instead valued based on its historical cost. The purpose of non-revaluing accounting is to ensure that the financial statements are free from material misstatement and to maintain the integrity of the financial reporting
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