PTAs with gross income not exceeding £100,000 but greater than £10,000 are not required to be audited by a registered auditor, they may instead have an independent examination.
The law governing charities states that those PTAs with gross income and total expenditure not exceeding £10,000 do not need to have a statutory audit or independent examination, but they must check their governing document and insurance requirements. However, NCPTA strongly recommend that all PTAs have an independent examination of their accounts.