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Appendix D2 Tier 1 Consolidated Code and Financial Standard / continuedCurrent CodeRequirementAHB complies with charities requirements 3AHB complies with conditions of approved body status 3AHB has a number of board policies in place including membership,membership renewal, code of conduct, conflict of interest and aregister of interestsNo individual may be elected or appointed as director / trustee orsenior employee of an AHB where they have a material interest /benefit arising from AHBs operations.33AdditionalFinancialStandardRequirements12from 2018Maintenance of a risk register identifying key risks, likelihood of themoccurring and proposed actions to mitigate risk 3Alert Regulation Office of Notifiable events 3Meeting with Regulation Office as requested 3Financial and Business ManagementHave an Audit and Risk CommitteeHave a tax clearance certificate 3Have a sinking fund 3RecommendedPerform regular stock condition surveys and ensure they areexternally validated 3Submit the Annual Report (if available) and Financial Statements(with Directors Report) / accounts 3Audited accounts to include detailed income and expenditureaccount with analysis of key income streams, larger expensesincluding staffing, maintenance costs etc. Additionally balance sheetto include detailed notes particularly on assets and grants. Cash flowalso to comprise part of audited accounts.Have an external audit process in place 3Submit audit management letter and management responses 3Have an asset register 3Have a strategic direction 3312. In the 2018 calendar year the Annual Return Form relating to the 2017 Financial Year will issue and will have to be completed in accordance with theCombined Code and Financial Standard provisions.xxxviiiHousing Agency Regulation Office