The Local Audit and Accountability Act 2014 set out a new audit framework for local public authorities which used to be covered by the Audit Commission regime. Under the new audit framework smaller authorities, including parish councils with an annual turnover not exceeding £25,000 would be exempt from routine external audit. In place of routine audit, these smaller authorities would be subject to new transparency requirements. This will enable local electors and ratepayers to access relevant information about the authorities’ accounts and governance.