Assurance Review Engagement Manual

• Guidance notes that summarise the relevant legal and regulatory framework within which a review engagement is undertaken and set out the firm’s procedures for undertaking such an engagement.
• Example engagement letters for assurance review engagements and an example letter of representation.
• Example assurance reports.
• Example pro-forma accounts for a small company (FRS 102 Section 1A) and full FRS 102 accounts. Example Abridged accounts (FRS 102 Section 1A) are also included.
• Accounts disclosure checklists for small companies (FRS 102 Section 1A), full FRS 102 accounts and small groups.
• Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an assurance review engagement over a number of years.
• Current file documentation that covers planning, completion and detailed work programmes.

July 2025
The principal technical changes in this update include:

• Update of the example accounts and accounts disclosure checklists to reflect the September 2024 editions of UK and Ireland accounting standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland; and
• The new size criteria for companies and changes to the Directors' Report requirements as a result of The Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024.

October 2024
The principal technical changes in this update include:  

• Revisions in accordance with the FRC's Revised Ethical Standard;  and
• Best practice amendments.  

May 2024
The principal technical changes in this update include update of disclosure checklists for recent minor changes in accounting standards.

October 2023
The principal technical changes in this update include:

• The reconfiguring of the guidance notes.

Exciting new feature
We have also developed tailoring and customisation tools within the Assurance Review Engagement Manual to help you filter out the irrelevant parts of the Accounts disclosure checklists through a series of questions. These are available in the 'Customise' screen within the menu on the right.

By selecting 'Yes' to the question 'Would you like to tailor your accounts disclosure checklist through a series of questions?', you will then be asked a series of questions. Answering these subsequent questions will filter down the disclosure checklist so that only the checklists / sections you require will be shown / available to download / included within the checklist downloaded.

Pricing

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Mercia online manuals are updated regularly by our technical staff and you will be notified of any significant regulatory changes by email.

Your subscription will automatically auto-renew on anniversary date, you will be notified by email before your subscription expires and offered the option to opt out of auto-renewal.  

System Requirements

• Internet access. 
• Operating System: Windows, Mac IOS. 
• Applications: Full version of Microsoft Office or Mac equivalent, PDF Reader.