SCHEDULES
SCHEDULE 1 Registered social landlords: regulation
Part III Accounts and audit
General requirements as to accounts and audit
I116
1
The F1Relevant Authority may from time to time determine accounting requirements for registered social landlords with a view to ensuring that the accounts of every registered social landlord—
a
are prepared in a proper form, and
b
give a true and fair view of—
i
the state of affairs of the landlord, so far as its housing activities are concerned, and
ii
the disposition of funds and assets which are, or at any time have been, in its hands in connection with those activities.
2
The F1Relevant Authority by a determination under sub-paragraph (1) may lay down a method by which a registered charity is to distinguish in its accounts between its housing activities and other activities.
C13
The accounts of every registered social landlord shall comply with the requirements laid down under this paragraph.
C14
The auditor’s report shall state, in addition to any other matters which it is required to state, whether in the auditor’s opinion the accounts do so comply.
C15
Every registered social landlord shall furnish to the F1Relevant Authority a copy of its accounts and auditor’s report within six months of the end of the period to which they relate.