Changes To Accountancy Cost Housing Associations 1.1 Bn

New international accountancy standards could mean housing associations in England will be forced to pay an extra 1.1bn.

The changes come after the Accounting Standards Board said last year that they must file accounts according to International Financial Reporting Standards (IFRS) by 2015.

For those housing associations with 3,000 homes the cost would be around £121,750 and it could cost the entire sector £150m.

 

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