PracticeAuditNew rules for landlords

New rules for landlords

The Auditing Practices Board has published a consultation document on the audit of housing association landlords in the UK.

The draft is intended to update the current practice note, PN14, which was originally issued in 1997. The document contains revisions intended to take into account the changes in regulation that affect registered social landlords since PN14 was launched.

These include the publication of internal controls assurance information by the housing corporation, changes in the names and functions of the regulators of registered social landlords and the issue of new standards from the APB.

Richard Fleck, chairman of the APB, said: ‘Housing associations have an important and growing role in the UK, and the law and regulations relating to them are complex and vary by jurisdiction. Regulatory arrangements have changed quite significantly over the past few years.

‘I hope that auditors of registered social landlords will find the revised practice note provides them with helpful guidance in carrying out their work.’

Consultation on the practice note ends on 12 May.

Related Articles

Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

Audit Auditors ‘in the dock’ over Carillion as report calls for Big Four break-up

4d Emma Smith, Managing Editor
PCAOB sanctions former Deloitte Turkey CEOs over altered documents

Audit PCAOB sanctions former Deloitte Turkey CEOs over altered documents

1w Alia Shoaib, Reporter
KPMG South Africa to review past audit work amid fresh scandal

Audit KPMG South Africa to review past audit work amid fresh scandal

1m Alia Shoaib, Reporter
FRC introduces £10m sanctions for Big Four firms

Audit FRC introduces £10m sanctions for Big Four firms

1m Alia Shoaib, Reporter
Ukraine’s PrivatBank files $3bn claim against PwC

Audit Ukraine’s PrivatBank files $3bn claim against PwC

2m Alia Shoaib, Reporter
Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

Audit Grant Thornton to exit FTSE 350 audit market, citing Big Four dominance

2m Alia Shoaib, Reporter
Big Four dominate FTSE 250 audit market in Q1 rankings

Audit Big Four dominate FTSE 250 audit market in Q1 rankings

3m Alia Shoaib, Reporter
Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

Audit Deloitte to pay $149.5m over Taylor, Bean & Whitaker audit failure

3m Alia Shoaib, Reporter