Ensuring your firm stays compliant and ready for regulatory review can be challenging, especially for those practices that carry out work covered by the Money Laundering Regulations or under UK GAAP. Managing two sets of obligations is time consuming and burdensome. Mercia’s Compliance Essentials is the perfect solution to compress these compliance requirements.
Handling your commitments
Modern accountancy firms have a range of commitments and obligations competing for their time, including stringent client deadlines, day-to-day practice demands and compliance obligations. From sole practitioners to growing firms, accountancy practices carrying out regulated work under the Money Laundering Regulations and preparing accounts under UK GAAP require practical support.
Mercia’s Compliance Essentials provides you with practical compliance support, ready to use, without building everything from scratch.
Compliance covered, one subscription
Compliance Essentials gives you ready-to-use manuals, templates and checklists: the core documentation you need to fulfil your compliance obligations. These are packaged into one single subscription to reflect the regulatory reality for the ordinary accountancy practice.
The manuals are ready to use, downloadable and customisable, and are easy to implement. Kept current by our team of specialists who have years of technical expertise, Compliance Essentials is more than just templates: it’s your way to efficiently put proven processes in place.
How it works
You are still responsible for client due diligence and for preparing the accounts. However, your starting point changes. Rather than opening a blank document or using an out-of-date template, you start from something current, complete and built specifically for your firm.
The Compliance Essentials manuals are kept updated when rules change by our team of technical experts and are stored online in easily accessible, downloadable Word and PDF formats.
Sole practitioners who need firm-wide cover without a compliance department, small accountancy practices preparing accounts under UK GAAP and any firm carrying out work regulated under the Money Laundering Regulations will benefit from Mercia’s Compliance Essentials manuals.
For these firms, both manuals will likely be relevant - most firms doing accounts work and any regulated work need anti-money laundering (AML) and accounts preparation cover in parallel.
The Money Laundering Compliance Manual gives you:
- AML policies and procedures, ready to implement.
- A firm-wide risk assessment covering money laundering, terrorist financing and proliferation financing.
- Over 20 ready-to-use templates, including client due diligence checklists, verification forms for every client type, SAR templates and training registers.
- Regular updates, including the most recent coverage of the 2025 National Risk Assessment and the Economic Crime and Corporate Transparency Act changes.
The Accounts Preparation Manual (UK) gives you:
- Current and permanent file programmes for limited companies, micro-entities and unincorporated businesses.
- Disclosure checklists and model accounts covering FRS 102, FRS 102 Section 1A and FRS 105.
- Engagement letters, representation letters and a full suite of example reports.
- Updates that track the latest FRS 102/105 editions and Companies House reporting changes.
For a 12-month, firm-wide subscription, Compliance Essentials starts from £25+VAT per month. Pricing is based on firm size, so the best way to get an accurate quote - and see Compliance Essentials in action - is to have a quick call with our team. Mercia’s team is on hand for a short call to confirm the right figure for your firm and talk through what is included.
Book your 30-minute call with us today and discover how Compliance Essentials can compress your compliance obligations.