RICS Knowledgebase

VPGA1 was completely rewritten for the 2025 edition of the Global Red Book and relates to financial reporting, it substantially expands the guidance which may be required for financial reporting. It covers the basics of financial reports, considerations when taking on the work and what needs to be included in the report and refers to relevant IFRSs including:

• IFRS 13 on fair value
• IFRS 16 leases
• IFRS S1 & S2 on sustainability and climate disclosures

#Valuation