Australasia Update on RICS Valuation: Global Standards (Red Book) Webinar

Overview

About Red Book Updates:

The Red Book Global Standards, first published in 1976, are regularly updated to keep up with changes in the market. These standards are highly regarded worldwide for valuation. The recent updates aim to maintain high valuation standards globally and ensure practices remain relevant.

Feedback from stakeholders has guided these changes, which include:

• Alignment with developments in other relevant global standards and regulations such as the new International Valuation Standards (IVS) published 31 January 2024 and effective 31 January 2025.
• The addition of new content relating to modelling and methods 
• Adaptation to practice and process changes from evolving areas such as technology and Environmental Social and Governance (ESG).
   

Join us at this webinar to explore and understand more on the updates to the RICS Red Book!

This webinar aims to support you in creating an audit trail meeting the requirements of the RICS Rules of Conduct and the RICS Valuation – Global Standards (Red Book).

Agenda:

• 16:30 - 17:50 Presentation on Red Book Updates
• 17:50 - 18:00 Q&A
   

Notes:

• This webinar will be conducted in English.
• RICS will send the reminder emails to confirm your registration 1 weeks prior to the event.
• Should the event status need to change / cancel, we will communicate with all parties as soon as possible.

Learning outcomes

The presentation will cover the following points:

• Changes to the new edition of Red Book effective 31 January 2025
• Examining why it is important that an audit trail is created
• Explaining how the audit trail is created
• How to mitigate risk as a Valuer 
• Signposting of where to get further support

Speakers

• Ryan Cheng FRICS, Profession Support & Assurance Technical Specialist (Valuation), RICS
• Joanna Todd MRICS, Profession Support & Assurance Technical Specialist (Valuation), RICS