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.