The Local Audit and Accountability Act 2014 sets out a new audit framework for local public authorities which are currently covered by the Audit Commission system. Under the new framework, smaller authorities with an annual turnover not exceeding £25,000.00 will be exempt from a routine external audit. Instead of an audit, smaller authorities will be subject to the new transparency requirements laid down in the Code. This will enable local electors to access relevant information about the accounts and governance.
Year ending 31st March 2019
Year ending 31st March 2018