Valuation Audit Trail

RICS Valuation Professional Standards, or Red Book, is issued by RICS to promote and support high standards in valuation delivery worldwide. The publication details obligatory best practice for RICS members undertaking valuation services.

One mandatory stage to demonstrate your adherence to Red Book is to illustrate that you are – by leaving an audit trail which others can follow.

Join our industry expert as we explore the reasons for logging an audit trail and delve into the key elements of the audit trail to reflect best practice.

• Explore the setbacks to not keeping a clear audit log throughout valuation cycle
• Elements to mitigate shortfalls in keeping a concise audit trail