Global Red Book

Question 1

What is PS 1?

Answer 1

Compliance with standards where a written valuation is provided

Question 2

What is PS 2? Is it mandatory?

Answer 2

Ethics, competency, objectivity and disclosures. Mandatory.

Question 3

What is VPS 1? Is it mandatory?

Answer 3

Terms of engagement (scope of work). Mandatory.

Question 4

What is VPS 2? Is it mandatory?

Answer 4

Inspections, investigations and records. Mandatory.

Question 5

What is VPS 3? Is it mandatory?

Answer 5

Valuation reports. Mandatory.

Question 6

What is VPS 4? Is it mandatory?

Answer 6

Bases of value, assumptions and special assumptions. Mandatory.

Question 7

What is VPS 5? Is it mandatory?

Answer 7

Valuation approaches and methods. Mandatory.

Question 8

What is VPGA 1? Is it mandatory?

Answer 8

Valuation for inclusion in financial statements. Advisory.

Question 9

What is VPGA 2? Is it mandatory?

Answer 9

Valuation of interests for secured lending. Advisory.

Question 10

What is VPGA 3? Is it mandatory?

Answer 10

Valuation of businesses and business interests. Advisory.

Question 11

What is VPGA 4? Is it mandatory?

Answer 11

Valuation of individual trade related properties. Advisory.

Question 12

What is VPGA 5? Is it mandatory?

Answer 12

Valuation of plant and equipment. Advisory.

Question 13

What is VPGA 6? Is it mandatory?

Answer 13

Valuation of intangible assets. Advisory.

Question 14

What is VPGA 7? Is it mandatory?

Answer 14

Valuation of personal property, including arts and antiques. Advisory.

Question 15

What is VPGA 8? Is it mandatory?

Answer 15

Valuation of real property interests. Advisory.

Question 16

What is VPGA 9? Is it mandatory?

Answer 16

Identification of portfolios, collections and groups of properties. Advisory.

Question 17

What is VPGA 10? Is it mandatory?

Answer 17

Matters that may give rise to material valuation uncertainty. Advisory.