Mercia’s Audit and Compliance Manuals

Conducting audit and compliance with confidence

Mercia’s online audit manuals empower you to efficiently manage your clients’ annual reporting while staying ahead of the latest regulatory changes

Mercia’s audit manuals offer a robust methodology for conducting audit, non-audit and compliance. Whether it’s for small companies or for larger businesses, as well as charities and LLPs, we’ve got you covered.

Why Choose Mercia?

As an accounting professional, safeguarding the reputation of your firm and yourself is essential, and relying on outdated or unreliable resources is not an option. Mercia’s manuals are here to ensure you stay ahead with trusted, up-to-date guidance.

Expert audit advice tailored to any client base

Offer expert advice to clients advising on micro-entities, corporations, charities, limited liability partnerships and international compliance.

Save time with example materials

Access a suite of example letters and reports, including engagement letters; disengagement letters; pre-year end letters; accountants reports; pro-forma accounts; pro-forma micro-entity accounts and money laundering compliance checklists.

Keep compliant with the latest audit and compliance changes (updated regularly)

Remain compliant with International Quality Standards and access up to date information on Anti-Money Laundering procedures.

Easy to use materials that fit into existing processes

Easy to follow processes available in Word or PDF format; allowing you to customise to suit client engagements.

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Manuals Overview

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Audit Manual Package (UK)

Mercia's Audit Manual Package (UK) provides you with all the programmes, documents and guidance needed to undertake a limited company audit under the International Standards on Auditing (ISAs) (UK) and the Ethical Standard. The package includes:

- a separate Audit Manual (UK) including all the current and permanent file programmes needed to undertake both a single entity audit and a group audit and includes accounts disclosure checklists, including versions in accordance with UK-adopted IAS, FRS 101, FRS 102 and FRS 102 Section 1A;
- a file review checklist;
- a separate Audit Procedures Manual (UK) containing supporting audit methodology and guidance; and
- online audit methodology training.
Accounts Preparation Manual (formerly Audit Exemption Manual) (UK)

The Accounts Preparation Manual (formerly Audit Exemption Manual) (UK) provides you with the current and permanent file programmes needed to prepare financial statements for audit exempt limited companies, including micro-entities and for unincorporated businesses. The manual also includes:

- accounts disclosure checklists, including versions in accordance with FRS 102, FRS 102 Section 1A and FRS 105;
- guidance notes that summarise the current legal accounting and reporting requirements for audit exempt companies; and
- an eligibility checklist to help you confirm the exemptions available.
Accounts Preparation Manual (formerly Audit Exemption Manual) (UK)

The Accounts Preparation Manual (formerly Audit Exemption Manual) (UK) provides you with the current and permanent file programmes needed to prepare financial statements for audit exempt limited companies, including micro-entities and for unincorporated businesses. The manual also includes:

- accounts disclosure checklists, including versions in accordance with FRS 102, FRS 102 Section 1A and FRS 105;
- guidance notes that summarise the current legal accounting and reporting requirements for audit exempt companies; and
- an eligibility checklist to help you confirm the exemptions available.
International Audit Manual

The Audit Manual Package (International) provides you with all the programmes, documents and guidance needed to undertake an audit under the International Standards on Auditing (ISAs) and the Code of Ethics. The package also includes:

- a separate Audit Manual (International) including all the current and permanent file programmes needed to undertake both a single entity audit and a group audit;
- a file review checklist;
- a separate Audit Procedures Manual (International) containing supporting audit methodology and guidance; and
- online audit methodology training.
Limited Liability Partnerships Manual

Mercia’s Limited Liability Partnerships (LLP) Manual provides you with the current and permanent file programmes needed to undertake an audit or audit exempt assignment for an LLP. The manual also includes:

- accounts disclosure checklists covering the requirements of the LLP SORP and including FRS 102, FRS 102 Section 1A and FRS 105 for micro-entity LLPs;
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for LLPs.
Limited Liability Partnerships Manual

Mercia’s Limited Liability Partnerships (LLP) Manual provides you with the current and permanent file programmes needed to undertake an audit or audit exempt assignment for an LLP. The manual also includes:

- accounts disclosure checklists covering the requirements of the LLP SORP and including FRS 102, FRS 102 Section 1A and FRS 105 for micro-entity LLPs;
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for LLPs.
Audit Manual Package (UK)

Mercia's Audit Manual Package (UK) provides you with all the programmes, documents and guidance needed to undertake a limited company audit under the International Standards on Auditing (ISAs) (UK) and the Ethical Standard. The package includes:

- a separate Audit Manual (UK) including all the current and permanent file programmes needed to undertake both a single entity audit and a group audit and includes accounts disclosure checklists, including versions in accordance with UK-adopted IAS, FRS 101, FRS 102 and FRS 102 Section 1A;
- a file review checklist;
- a separate Audit Procedures Manual (UK) containing supporting audit methodology and guidance; and
- online audit methodology training.
Charities Manual Package

The Charities Manual Package, which consists of Mercia's Charities Audit Manual and Charities Independent Examination Manual, provides you with the current and permanent file programmes needed to undertake an audit or independent examination for a charity in England and Wales, Scotland or Northern Ireland. Limited company and unincorporated charities are covered, as well as Charitable Incorporated Organisations (both CIOs and SCIOs). The package also includes:

- accounts disclosure checklists for both accruals and receipts and payments accounts;
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for charities.
International Audit Manual

The Audit Manual Package (International) provides you with all the programmes, documents and guidance needed to undertake an audit under the International Standards on Auditing (ISAs) and the Code of Ethics. The package also includes:

- a separate Audit Manual (International) including all the current and permanent file programmes needed to undertake both a single entity audit and a group audit;
- a file review checklist;
- a separate Audit Procedures Manual (International) containing supporting audit methodology and guidance; and
- online audit methodology training.
Money Laundering Compliance Manual

Mercia’s Money Laundering Compliance Manual provides you with all of the guidance and supporting documentation needed to help you comply with the regulations, establish and maintain anti-money laundering procedures within your firm. Written specifically for the accountancy profession, the manual interprets the legislation and guidance in this area into practical action points and includes:

- Anti-money laundering policies and procedures for your firm.
- Risk assessments including the firmwide risk assessment in respect of money laundering, terrorist financing and proliferation financing and also incorporating the risk assessments required by the Criminal Finance and Bribery Acts.
- A range of compliance checklists and ready-to-use templates.
ISQM Implementation - Quality Management Manual (International)

The International Standards of Quality Management (ISQM International) are designed to fix inefficiencies in the current standards. More focus is placed on proactive responses to quality management issues. The impact of ISQMs mean that accountancy firms will need to change the way they handle quality management. ISQM requires the firm to design, implement and operate a system of risk-based quality management processes.

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Mercia’s Audit and Compliance Manuals