How will the NCSC assess an agency¹s financial viability?

Posted on June 1st, by editor in Caring Times. No Comments

|Wide powers of inspection have been given to the National Care Standards Commission. Among these is the power to inspect agencies for evidence of financial viability. Karen Rogers describes the extent of these new powers.| Probably the most controversial provision of the Domiciliary Care Agencies Regulations 2001 is contained within Regulation 26 (1) (2) and (3). This regulation provides the National Care Standards Commission powers to ascertain the financial viability of an agency and for the Commission produce its findings in a public report. Regulation 26 (1) states: “The registered provider shall carry on the agency in such a manner as is likely to ensure that the agency is financially viable for the purpose of achieving the aims and objectives set out in the statement of purpose.” Regulation 26 (2) sets out the information that the NCSC may request: (a) The annual accounts of the agency, certified by an accountant; (b) A reference from a bank expressing an opinion as to the registered provider¹s financ

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