Registered Social Housing Providers Manual

Our Registered Social Housing Providers (RSHP) Manual provides you with the current and permanent file programmes needed to undertake an audit or reporting accountant's assignment for a registered provider of social housing.
The manual also includes:

an accounts disclosure checklist covering the RSHP SORP and the Accounting Direction for private registered providers of social housing in England
guidance notes that summarise the current legal accounting, auditing and reporting requirements for RSHPs.

Our RSHP Manual can be browsed online or sections of content or commentary can be downloaded in Microsoft word or PDF. There is also the flexibility to ‘customise’ a download suitable for your engagement. For every new assignment, you will need to navigate to our website to obtain the most up to date version.

Guidance notes that provide you with essential background knowledge on the social housing sector in England. They cover the key aspects of the regulatory, accounting and reporting requirements for RSHPs.
Example engagement letters for audit and reporting accountant's assignments. There is also an example letter of representation.
Example audit and reporting accountant's reports for RSHPs.
Example pro-forma accounts.
An accounts disclosure checklist in accordance with the requirements of the RSHP SORP, Accounting Direction, Accounting Standards and applicable legislation in England.
Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an audit or reporting accountant's assignment over a number of years.
RSHP specific current file documentation comprising of two separate packs of documentation for audit and audit exempt assignments. The audit documentation provides you with the planning, completion and detailed work programmes needed to undertake an audit. Lead schedules and a current file index are also included. The audit exemption documentation provides you with the planning, completion and work programmes needed to provide a reporting accountant's report.

December 2021
This update to the manual has incorporated:

Amendments as a result of the publication of the FRC Bulletin: Illustrative Auditor's Reports on United Kingdom Private Section Financial Statements (August 2021);
Best practice amendments from internal review and client feedback.

May 2021
This update to the manual has incorporated:

Use of audit data analytics - a number of changes have been made throughout the manual to encourage teams to consider the use of audit data analytics (ADA) on audit engagements. These changes principally focus on the use of ADA as part of the risk assessment, selection of high risk transactions for testing and stratification of populations to assist with sampling, although teams are encouraged to consider its use in other areas, with revisions to planning forms providing prompts for you to record its planned use. Given the audit quality and efficiency gains which can provided by the use of ADA, a new planning form (B20) has been added for teams to appraise its use on engagements and record why ADA was or was not considered appropriate to use. Where the use of ADA is intended, a number of other revisions have been made throughout the manual to help you record and reflect on the results from its use..
Reporting on irregularities, including fraud - following the ICAEW publication of 'How to report on irregularities, including fraud, in the auditor’s report - Guide for auditors reporting for the first time' in April 2021 and the comment that 'how the auditor developed their explanation, and the areas considered, would be expected to be documented in the audit file', we have added a new A29 Reporting on irregularities, including fraud in the auditor's report in the Audit Methodology and also an additional test on A21 for the RI to confirm their approval.

March 2021
This update to the manual has incorporated:

FRC Practise Note 14 – the guidance notes have been updated to reflect the revised practice note which was published in March 2021.
FRC Ethical Standard 2019 - this update includes a revision to the Audit Manual ethical forms (B12 and B13).
PN 14 Audit of Housing Associations – in March 2021 the FRC issued a revised PN 14. Where relevant, slight tweaks to our Manual have been included in order to show consistency with the revised PN 14.
Brexit - changes from company law and financial reporting standards have been incorporated throughout.

December 2020
This update incorporates changes for ISA (UK) 540 (Revised December 2018) Auditing Accounting Estimates and Related Disclosures, ISA (UK) 570 (Revised September 2019) Going Concern and other changes to existing standards including most notably ISA (UK) 700 Forming an opinion and reporting on financial statements and ISA (UK) 250A Consideration of laws and regulations in an audit of financial statements.

This update to the RSHP Manual should be used with immediate effect.

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Registered Social Housing Providers Manual

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