Open consultation

Consultation on changes to the Accounting Direction

Summary

The regulator is proposing a small number of revisions to the accounting direction to align with the new Value for Money Standard and to reflect other changes.

This consultation closes at

Consultation description

The regulator proposes to revise its Accounting Direction for private registered providers of social housing.

The regulator’s changes to the Accounting Direction for private registered providers of social housing constitute primarily a change to the way providers prepare their accounts rather than being directive about the individual measures providers choose to take.

The proposed revisions have come about:

  • as a result of the publication of a new Value for Money Standard which can be found on the Regulatory Standards page
  • to accommodate the legislative abolition of the Disposal Proceeds Fund
  • to reflect wider changes in legislation and changes in accounting standards and recommended practice.

There are proposals for several other changes to the direction. These are the deletion of paragraphs where there is considered to be an equivalent and identical requirement already in FRS 102 to remove duplication. Other proposed amendments are to remove uncertainly or improve clarity. These have been identified within the consultation document.

It is proposed that any changes to the current direction following the completion of the consultation will have effect for accounting periods commencing on or after 1 January 2019.

Documents

Consultation on changes to the Accounting Direction

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email enquiries@rsh.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Annex - Accounting Direction 2019 for social housing providers

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email enquiries@rsh.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Ways to respond

or

Email to:

consultation@rsh.gov.uk

Write to:

Referrals and Regulatory Enquiries team
The Regulator of Social Housing
1st Floor – Lateral
8 City Walk
Leeds LS11 9AT

Published 8 November 2018