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The Local Audit (Smaller Authorities) Regulations 2015

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Full audit authorities

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8.—(1) A smaller authority, other than one to whom paragraph (2) applies, may decide to prepare a statement of accounts and be audited as if it were a relevant authority which is not a smaller authority in accordance with this regulation (“a full audit authority”).

(2) This paragraph applies to an authority if—

(a)the higher of the authority’s gross income for the financial year and its gross expenditure for the year does not exceed £25,000; or

(b)the higher of the authority’s gross receipts and gross payments for the financial year does not exceed £25,000.

(3) A full audit authority is, for the purposes of these Regulations, to be treated as if it were not a smaller authority other than for the purposes of—

(a)the definitions of “full audit authority” and “smaller authority” in regulation 2;

(b)paragraph (1) of this regulation;

(c)regulations 10(1) and 14(1)(b); and

(d)regulation 24(2)(a) and paragraph (1) of that regulation insofar as it relates to paragraph (2)(a).

(4) A full audit authority may decide to prepare a statement of accounts and be audited as a smaller authority, and so cease to be a full audit authority.

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