NEW REGIME FOR ACCOUNTS AND AUDIT 1) INTRODUCTION The ...

1 | P a g e NEW REGIME FOR ACCOUNTS AND AUDIT 1) INTRODUCTION This report is to update the Parish Council in respect of legislation which will impact the way in which the Council deals with its ACCOUNTS The Local AUDIT and Accountability Act 2014; and The Local AUDIT (Smaller Authorities) Regulations 2015 The following is a summary of the key elements: 2) THE LOCAL AUDIT AND ACCOUNTABILITY ACT 2014 brought in a new REGIME for the ACCOUNTS and AUDIT procedures for local authorities in England. The details are contained in the Local AUDIT (Smaller Authorities) Regulations 2015 and the ACCOUNTS and AUDIT Regulations 2015.

2 | P a g e (1) Income and expenditure account and statement of balances, in accordance with, and in the form specified by the annual return and as required by proper practices.

Tags:

  Introduction, Account, Audit, Regime, Regime for accounts and audit 1

Information

Related search queries