Audit Manual Package (International)

• Guidance notes that provide you with a background as to how to use the manual and a what’s changed letter identifying all changes from the previous version of the manual.
• Example letters that may be of help throughout an audit including an example letter of representation and a planning communication letter. A group audit questionnaire is also included, along with a group audit instruction letter.
• Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an audit over a number of years.
• Current file documentation comprising of two separate packs of documentation for audit and group audit. The audit documentation provides you with the planning, completion and detailed work programmes needed to undertake an audit. Lead schedules and a current file index are also included.
• Supplementary forms that provide additional resources that may be useful for certain scenarios, including a file review checklist.
• This subscription also includes the Audit Procedures Manual (International) which includes guidance on general audit procedures such as the planning, controlling, recording and completion of audit work. It also includes specific procedures by audit area, for example, revenue and receivables, and sets out the Mercia approach used within the programmes contained in your Audit Manual. There are also sections on Ethics and Audit Regulation and Quality Management. This manual will need tailoring by firms for their own internal policies and procedures.

November 2026
The principal technical changes in this update include:

• Changes in relation to ISA 570 Going Concern;
• Changes in relation to ISA 240 The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements;
• Changes in relation to the narrow-scope amendments to the ISQMs and ISAs to adopt a new publicly traded entity definition aligned with the IESBA Code of Ethics;
• Changes in relation to the narrow-scope amendments to ISA 620 Using The Work of an Auditor's Expert;
• Expansion and renaming of the financial reporting framework supplementary forms to cover revisions to an existing framework, as well as changes between frameworks;
• Expansion and renaming of the tariff-related supplementary forms to address a broader range of global emerging issues and their potential impact on audits and audited entities; and
• Removal of content for periods commencing before 15 December 2023 in respect of ISA 600, as this is no longer relevant.
  

December 2025
The principal technical changes in this update include:

• Additional support for those utilising Audit Data Analytics (ADA) within their audit work.

In addition, a number of other minor improvements and amendments have been made to the manuals within the package.

January 2025
The principal technical change in this update includes:

• Enhancements to component auditor workpapers.

October 2024
The principal technical change in this update is to include a range of example letter templates.

• Price available on application.
• CPD Mercia Members receive a 10% discount.
• Prices quoted are subject to VAT and expenses.

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