Mercia Group has launched a package of manuals for accountancy firms that must stay compliant with UK GAAP and anti-money laundering (AML) regulations. Mercia’s Compliance Essentials manuals are the perfect solution for sole practitioners, small accountancy practices, firms preparing accounts under UK GAAP and practices carrying out regulated work under the Money Laundering Regulations.
The Compliance Essentials manuals, the Money Laundering Compliance Manual and the Accounts Preparation Manual (UK) give firms practical compliance support that is ready to use without building everything from scratch.
Firms carrying out work covered by the Money Laundering Regulations and preparing accounts under UK GAAP already manage two sets of compliance obligations. Mercia has built Compliance Essentials as a single subscription rather than separate products, with the manuals bundled together to reflect the regulatory reality for the ordinary accountancy practice.
The work does not change - the starting point alters. Rather than opening a blank document or using an out-of-date template, an accountant starts from something current, complete and built specifically for their firm.
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 an accountancy firm’s way to efficiently put proven processes in place.
Among the benefits of the Money Laundering Compliance Manual are ready-to-implement AML policies and procedures, and a firm-wide risk assessment covering money laundering, terrorist financing and proliferation financing.
The Accounts Preparation Manual (UK) covers current and permanent file programmes for limited companies, micro-entities and unincorporated businesses, and engagement letters, representation letters and a full suite of example reports.
Lynn Radose, Product Director at Mercia, said: ‘We know our clients are under increasing pressure to keep pace with regulatory change while balancing the demands of running and growing their businesses.
‘Compliance Essentials has been developed to give firms easy access to the practical guidance, expert insight and resources they need to stay compliant with confidence. By simplifying access to essential compliance support, we're helping our clients reduce risk, save time and focus on what matters most - delivering value to their own clients.’