Consultation on a draft transparency code for parish councils with a turnover not exceeding £25,000
The Local Audit and Accountability Act 2014 received Royal Assent on 30 January.
The Act sets out a new audit framework for local public authorities. Currently covered by the Audit Commission regime.
Under this new framework, smaller authorities with an annual turnover not exceeding £25,000, including parish councils, will be exempt from routine external audit. Instead, these parish councils will be subject to the new transparency requirements laid out in the draft Code included in this consultation document.
