Although we are currently unable to provide a physical presence, rest assured that we are still open and continue to adapt our services and products to ensure we continue to support you and your practice.
Below you will find information of relevant services to help you during this period and a number of free resources, podcasts, blogs, guides and much more. These are updated regularly so make sure you visit this page again soon.
If you have any queries please contact us via your preferred way.
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This webinar focusses on the essential core aspects of this flexible furlough phase and other recent developments in guidance and legislation which have occurred since the first recording in late April but will include core elements of the framework to assist in understanding.
We have adapted our training and created our virtual classroom solution - Mercia Live. We're committed to supporting your learning and development during these times and we are now able to bring you the latest accountancy, audit and tax update and hot topics, straight to you at home.
We have decided to move our onsite peer reviews to remote reviews until further notice, to help you still comply with the various regulatory requirements – even when your practice is working from home. If your firm has an onsite review scheduled in between now and September 2020, we will contact you separately to discuss how we can undertake the review remotely and the options available.
For many workers, working from home has become widespread and may continue to be so after the end of lockdown. Employers may be considering how to change working patterns for their staff in the longer term.
Managing your new trainees so they can be as effective, settled and happy as possible is important with any new intake. Whilst firms over the past 3 months have faced the unique challenges of onboarding staff remotely, inducting new trainees can still be done successfully.
The latest in a stream of published guidance for auditors reeling from the seismic impact of the COVID-19 lockdown on their work concerns client asset (CASS) audits for FCA-regulated business including brokers, asset managers and investment advisory firms.
Unless they qualify as small or micro entities, all companies are required to present a strategic report each year that is published alongside its financial statements. This report should provide additional commentary that aids understanding of the results presented by the accounts and offer insight into the key risks being faced by the company.
The recent global pandemic of COVID-19 has meant businesses around the world have had to quickly adapt and change how they operate. Whether it is simply having to work remotely as a team and with your clients, or changing your digital solutions to ensure you can meet your client requirements. Making sure your business is the best it can be not just now, but for the future, is vital.
From 1 May 2020, electronically-supplied publications are to be zero-rated. Previously, only tangible, printed publications could qualify for zero-rating. This changed was planned to take effect from 1 December 2020, but is has been brought forward due to the coronavirus pandemic.
We currently live in extraordinary times, the way that the COVID-19 has impacted our lives has been swift and far reaching, but there have been a number of announcements made in recent weeks aimed at providing some form of clarity and guidance for accountancy and audit firms.
Implementing change is arguably one of the most complex things a leader can do. We share some key guidelines to help you lead effectively through change and navigate your practice through these uncertain times.
The new Ethical Standard 2019 places additional restrictions on the services that an external auditor can provide to their audit clients. This includes an outright prohibition on the ability to provide internal audit services. This change will have significant implications within the academies sector, where many firms of external auditors have been providing services akin to internal audit for some time. This Q&A looks at some of the changes required as a result of the new prohibition.
Whilst we’re starting to adapt and cope with the extraordinary times we are now working in, there are questions emerging about how the disruption to our usual working practices, and specifically the guidance to not travel unless essential, will impact on current and upcoming audit engagements.