There is yet another statutory consultation out this week. This time the TSA is seeking the sector's views on proposed changes to the accounting requirements for registered providers of social housing.

The proposals seek to replace the current accounting determination issued in 2006, which requires updating to reflect the diversity of all registered providers. It includes registered for profit providers for the first time, and supports the proposed revisions to the Regulatory Framework which are being consulted on separately.

The proposed accounting direction will replace the current direction in April 2012. There will be an increase in disclosures from providers on some accounting matters, including the payment of senior staff. The TSA press release states: " It will also require greater transparency in providers' assessments of their organisation's approach to value for money."

The regulator will publish a decision statement in March 2012 following consideration of the responses to the consultation. The regulator is seeking views on a proposal for the new changes to take effect on annual accounts for periods covering 1 April 2012 - 31 March 2013, onwards.  For more information visit the Consultation document

For more information on generating  your Value for Money strategy, This e-mail address is being protected from spambots. You need JavaScript enabled to view it on our VFM Conference in February. For more information on the conference agenda visit VFM agenda.