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Assessment Reportsand AddressingIssues ArisingWe give feedback to AHBs on their viability,governance and performance via anAssessment Report.We assess compliance with the Code and FinancialStandard under the headings of Governance, FinancialViability and Performance Management. A summary ofour financial viability assessment and recommendationwill be included in the overall annual assessment reportissued to each AHB following review of their annual returnsubmission. At the end of the phased implementationperiod, it is envisaged that in addition to a narrativeassessment report, the Regulation Office will issue anadditional determination solely in relation to FinancialViability, with a clear pass or fail rating. In determining apass or fail rating, the office will consider and assess theissues highlighted in Section 6, Viability, and follow anassessment process detailed in Section 10. In due course, itis expected that Regulatory Assessments or a summary ofthe assessment in relation to larger AHBs will be published.AHBs will have a period of time to review the issuedassessment reports and to contact the Regulation Officeto correct factual inaccuracies or interpretations.AHBs will usually have until the next annual return dateto work on any particular recommendations providedby the Regulation Office. There may however be someissues identified in assessments that will require amore immediate response and engagement withthe Regulation Office.11.1 Addressing issues arisingfrom assessmentWhere the Regulation Office has identified issues duringthe assessment process, it engages with the AHB toensure they are addressed in an appropriate time frame.If issues are not adequately addressed or appropriatelyexplained, the Regulation Office takes this seriously andwill take further action.“ Where the Regulation Office has identified issues duringthe assessment process, it engages with the AHB toensure they are addressed in an appropriate time frame. ”The Financial Standard and Assessment Framework27