Red book amendment 9 [electronic resource]
Red book amendment 9 [electronic resource]
- 2007
Reports significant amendments to the recent update of the Red Book, including amendments consequential on the removal of Appendix 3.1 (DRC valuations) and the movement of Appendix 3.2 (Reporting valuations under IFRS) to Appendix 5.3. PS 5.4, 5.5 and 5.6 have been rewritten to give a clearer explanation of the requirement for a DRC valuation to be reported as either 'subject to adequate profitability' or 'subject to the prospect of viability' in the private sector or public sector respectively.
RICS appraisal and valuation standards
United Kingdom--
Reports significant amendments to the recent update of the Red Book, including amendments consequential on the removal of Appendix 3.1 (DRC valuations) and the movement of Appendix 3.2 (Reporting valuations under IFRS) to Appendix 5.3. PS 5.4, 5.5 and 5.6 have been rewritten to give a clearer explanation of the requirement for a DRC valuation to be reported as either 'subject to adequate profitability' or 'subject to the prospect of viability' in the private sector or public sector respectively.
RICS appraisal and valuation standards
United Kingdom--