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. 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 "
