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SHR 28 GUIDANCE NOTE RELEASED TODAY (ANNUAL ACCOUNTS, PREPARATION OF FINANCIAL STATEMENTS)

As regulator, SHR uses RSLs’ financial statements to review and analyse performance, therefore consistent financial reporting within the social housing sector is essential. Our Chief Executive wrote to all RSLs in November 2008 about the application of the 2007 Order and said that we would issue guidance to support the preparation of the 2008/09 statements. This new guidance note summarises and clarifies reporting requirements and the range of documents with which RSLs need to comply, and highlights issues that emerged from the preparation and submission of the 2007/08 statements.