Part 6Registered social landlords: accounts and audit

I1I268Determination of accounting requirements

1

The Regulator may determine accounting requirements with a view to ensuring that the accounts of each registered social landlord—

a

are prepared in a proper form, and

b

give a true and fair view of—

i

its state of affairs in relation to its housing activities, and

ii

the disposition of funds and assets which it holds, or has held, in connection with its housing activities.

2

A determination may be made generally or for particular purposes (and different determinations may be made for different registered social landlords or different cases).

3

Before making, revising or withdrawing a determination, the Regulator must consult—

a

registered social landlords or their representatives,

b

the Office of the Scottish Charity Regulator,

c

F1the Regulator of Social Housing, and

d

such bodies representing auditors and accountants as the Regulator thinks fit.

4

The Regulator must make arrangements for bringing a determination (and any revision or withdrawal) to the attention of affected registered social landlords.

5

A determination must not relate to a period beginning before it is published.