Charities Manual Package

• Access to both our Charities Audit Manual and Charities Independent Examination Manual.
• Guidance notes that provide you with essential background knowledge on the key aspects of the charities sector. They also cover the key aspects of the regulatory, accounting and reporting requirements for charities in the various jurisdictions of the United Kingdom. 
• Example engagement letters for both the audit and independent examination of the various categories and jurisdictions of charities, including groups. There is also an example letter of representation. 
• Example audit reports and independent examination reports for the various categories of charity, including groups. 
• Example pro-forma accounts. 
• Charity accounts disclosure checklists for both accruals accounts prepared in accordance with the Charities SORP and receipts and payments accounts. 
• Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an audit or independent examination assignment over a number of years. 
• Charity specific current file documentation comprising of two separate packs of documentation for audit (including groups) and independent examination assignments. The audit documentation provides you with the planning, completion and detailed work programmes needed to undertake both a single entity audit and a group audit. Lead schedules and a current file index are also included. The independent examination documentation provides you with the planning, completion and work programmes needed to undertake an independent examination. 
• Supplementary forms within the Charities Audit Manual that provide additional resources that may be useful for certain scenarios, including a file review checklist. 

September 2025
The principal technical changes in this update include:

• The new size criteria for companies; and
• Changes to the Engagement terms of business to include use of artificial intelligence (AI) and other best practice amendments.

January 2025
The principal technical changes in this update include:

• Enhancements to the example letters; and
• Enhancements to component auditor workpapers.

June 2024 
The principal technical changes in this update include: 

• Revisions in accordance with the FRC's Revised Ethical Standard;
• Changes to ISA 505 External Confirmations; and 
• Best practice amendments.  

March 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 checklist for recent minor changes in accounting standards; and
• Best practice amendments.
  

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 checklists so that only the checklists / sections you require will be shown / available to download / included within the checklist downloaded.

September 2023
The principal technical changes in this update include:

• Changes in relation to ISA (UK) 600 Special considerations - Audits of group financial statements (Including the work of component auditors);
• The introduction of a new (optional) statistical sampling approach;
• The restructuring of the guidance notes; and
• Change of location for the independent examination content.

February 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.

April 2022
This major update to the methodology principally incorporates:

• ISA (UK) 315 (Revised July 2020) Identifying and assessing the risks of material misstatement;
• ISA (UK) 240 (Revised May 2021) The auditor’s responsibilities relating to fraud in an audit of financial statement; and
• Consequential amendments as a result of the new quality management standards.

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.