RPs must have a complete and accurate record of their assets and liabilities

This is both a regulatory requirement and a fundamental part of effective governance.  Writing in Social Housing, Sarah Darvell of Capsticks highlighted that many assets and liabilities registers contain errors or omissions that can undermine compliance, distort risk analysis, and limit funding opportunities.  This also breaches the regulatory requirement to maintain a complete, accurate and up-to-date dataset that can be accessed quickly of the RP gets into financial difficulties.  Ms Darvell called on RPs to improve the quality of this data, for example by cross-referencing asset data to Land Registry records.