Asset Valuation and Audit is the title of part 8 of the Austroads Guide to Asset Management. It provides a comprehensive guidance for asset managers in the road industry. Part 8 Asset Valuation and Audit provides guidance on how to undertake an asset valuation to assist the asset manager with long-term asset and financial management requirements, how an auditor undertakes an audit of infrastructure and how to present information on financial sustainability of the agency to external stakeholders and other customers by use of public reports and other media. Part 8 Asset Valuation and Audit complements the Australian Infrastructure Financial Management Guidelines published by the Institute of Public Works Engineering Australia.