Thursday, 21 February 2019

Regulator Changes Accounting Requirements For Housing Associations

The RSH has changed its accounting rules for housing associations in a new direction. The new rules are part of the English regulator’s plan to align its requirements with the Value for Money Standard introduced in April last year. Seven metrics are included in the Value for Money Standard and the regulator will now require housing associations to report their progress against these in their accounts. https://d.adroll.com/cm/b/out?advertisable=SFNR4ZX3ORDFTHYP7Y6RMNhttps://d.adroll.com/cm/x/out?advertisable=SFNR4ZX3ORDFTHYP7Y6RMN As well as this, associations will have to set out “measurable plans to address any areas of underperformance”. Another change has been brought in in light of the deregulation of how housing associations can use funds raised from selling homes. Read more on Inside Housing.
https://www.insidehousing.co.uk/news/news/regulator-changes-accounting-requirements-for-housing-associations-60245

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