Private registered providers (PRP's) of social housing are required by section 127 of the Housing and Regeneration Act 2008 to comply with a Direction of the Regulator of Social Housing about the preparation of their accounts.  The Accounting Direction for private registered providers of social housing 2022 sets out the regulator’s directions about how PRPs must prepare their accounts in relation to certain matters  It applies to PRPs in terms of the preparation of their accounts and to profit making PRPs only in so far as their accounts relate to social housing activities.

The Accounting Direction takes effect for accounting periods beginning on or after 1 January 2022 and supersedes the requirements of the Accounting Direction for PRPs of Social Housing 2019.  The 2019 Direction continues to apply to accounts for periods beginning before 1 January 2022 although earlier adoption of this Direction is encouraged.

The Accounting Direction is available at the Regulator of Social Housing website.