Guidance on service charge accounts of residential properties
Final definative guidance has been issued on accounting and reporting in relation to service charge accounts for residential properties. This guidance was prepared by a joint working group comprising representatives of the Association of Chartered Certified Accountants, ICAEW, the Institute of Chartered Accountants of Scotland, the Association of Residential Managing Agents and the Royal Institution of Chartered Surveyors.
Obtain a full copy of the guidance here