Audit legislation

All Parish and Town Councils are required to have an annual Internal Audit - even those under the threshold of £25,000 for External Audit are required to submit an AGAR and comply with the Transparency Code, where Internal Audit is recommended. 

The Accounts and Audit Regulations 2003 (Para 6) outline the legal requirements : 

"A relevant body shall maintain an adequate and effective system of internal audit of its accounting records and of its system of internal control in accordance with the proper internal audit practices, and any Office or Member of that body shall, if the body requires (a) make available such documents of the body which relate to its accounting and other records as appear to that body to be necessary for the purpose of the audit and (b) supply the body with such information and explanation as that body considers for that purpose "

The role of your Internal Auditor is to : 

·         examine and evaluate the effectiveness of your Council in terms of risk management, controls and governance processes. 

·         answer the requirements of the Annual Governance and Accountability Return (AGAR) and other legislation