Our Audit Manual Package (ROI) provides you with all the programmes, documents and guidance needed to undertake a limited company audit under the International Standards on Auditing (ISAs) (Ireland) and the Ethical Standard for Auditors (Ireland).
The package includes:
- a separate Audit Manual (ROI) 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 EU-adopted IAS, FRS 101, FRS 102 and FRS 102 Section 1A;
- a file review checklist; and
- a separate Audit Procedures Manual (ROI) containing supporting audit methodology and guidance.
Our Audit Manual Package (ROI) can be browsed online or sections of content or commentary can be downloaded in Microsoft Word or PDF. There is also the flexibility to ‘customise’ a download suitable for your engagement. For every new assignment, you will need to navigate to our website to obtain the most up to date version.
Choose your plan:
Mercia Members receive a 10% discount.
Your subscription will automatically auto-renew on the anniversary date, you will be notified by email before your subscription expires and offered the option to opt out of auto-renewal.
Users of our system benefit from:
A fully comprehensive package - incorporating disclosure checklists, audit regulation compliance and engagement letters, fully complying with Republic of Ireland legislation.
Electronic copy of all the documentation you need including planning, completion, companies accounts checklists, proforma accounts and flexible audit programmes.
Procedures Manual including chapters on audit regulations, auditors' responsibilities, planning, effective auditing of each key area, completion procedures and reporting.
Efficient creation and electronic filing of tailored packs for each client using our development tool, 'Creator'.
Online audit methodology training incorporating the latest amendments to ISA 240 and ISA 315
Regular updating - no need to worry about new regulations. We do that for you.
Manual Details
Content
- 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 engagement letters for audit and group audits and an example letter of representation. Other letters that may be of help throughout an audit include a bank letter, disengagement letters, a letter of auditor resignation to the company and registrar of companies as well as links to file notification forms online in respect of notifying the Authority and a planning communication letter. A group audit questionnaire is also included, along with a group audit instruction letter.
- Example audit reports, for both Irish GAAP and EU-adopted IAS.
- Example pro-forma accounts for full FRS 102, FRS 102 1A (both full and abridged) and EU-adopted IAS.
- Accounts disclosure checklists for full FRS 102, FRS 102 1A, Abridged (small), FRS 101, EU-adopted IAS and group FRS 102.
- 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 (ROI) 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, income and debtors, 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.
Latest Update
January 2025
The principal technical changes in this update include:
- Enhancements to the example letters; and
- Enhancements to component auditor workpapers.
July 2024
The principal technical changes in this update include:
- The new size criteria for companies;
- Changes to ISA 505 External Confirmations; and
- Best practice amendments.
February 2024
The principal technical changes in this update include:
- Removal of content for periods commencing before 15 December 2021 as this is no longer relevant;
- Update of disclosure checklists for recent minor changes in accounting standards; and
- Best practice amendments.
September 2023
The principal technical changes in this update include:
- Changes in relation to ISA (Ireland) 600 Special considerations - Audits of group financial statements (Including the work of component auditors);
- The introduction of a new (optional) statistical sampling approach; and
- The introduction of a set of guidance notes specifically tailored for companies.
Exciting new feature
We have also developed tailoring and customisation tools 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.
April 2023
The principal technical changes in this update include the removal of content relating to the now superseded ISQCs and consequential amendments arising as a result of this.
In addition, a number of minor amendments / improvements have been made to other sections of the package, including updating engagement letters to reflect latest guidance.
June 2022
This major update to the methodology principally incorporates:
This major update to the methodology principally incorporates:
- ISA (Ireland) 315 (Revised October 2020) Identifying and assessing the risks of material misstatement.
- ISA (Ireland) 240 (Revised October 2021) The auditor’s responsibilities relating to fraud in an audit of financial statements.
- Consequential amendments as a result of the new quality management standards.
Terms & Conditions
Pricing
All prices are subject to VAT. Prices are subject to change on 1 July.
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.
Technical Queries
Got questions or queries that need expert advice?
Our technical query helpline can provide you with expert advice on a wide range of areas, from audit / accountancy-related matters to anti-money laundering and tax.