Charities Manual
Our Charities Manual provides you with the current and permanent file programmes needed to undertake an audit or independent examination for a charity in England and Wales, Scotland or Northern Ireland.
Limited company and unincorporated charities are covered, as well as Charitable Incorporated Organisations (both CIOs and SCIOs).
The manual also includes:
- accounts disclosure checklists for both accruals and receipts and payments accounts.
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for charities.
Our Charities Manual 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.
- Guidance notes that provide you with essential background knowledge on the the charities sector. They 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 audit and independent examination of the various categories and jurisdictions of charities, including groups. There is also an example letter of representation.
- Example audit and independent examination reports for the various categories of charity, including groups.
- Example pro-forma accounts.
- Charity accounts disclosure checklists for both accruals 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 and independent examination. 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. The independent examination documentation provides you with the planning, completion and work programmes needed to undertake an examination.
- A cold file review checklist that will help you perform reviews of charity audit assignments for quality control purposes.
March 2021
FRC Ethical Standard 2019 - This update includes a revision to the Audit Manual ethical forms (B12 and B13).
Brexit - Changes from company law and financial reporting standards have been incorporated throughout.
December 2020
This update incorporates changes for ISA (UK) 540 (Revised December 2018) Auditing Accounting Estimates and Related Disclosures, ISA (UK) 570 (Revised September 2019) Going Concern and other changes to existing standards including most notably ISA (UK) 700 Forming an opinion and reporting on financial statements and ISA (UK) 250A Consideration of laws and regulations in an audit of financial statements.
This update to your Charities Manual should be used with immediate effect.
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|---|---|
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| Audit registered firms with 2-4 RIs* | £180.00 |
| Audit registered firms with 5-9 RIs* | £220.00 |
For 10 or more RIs please contact Jenny Faulkner at jenny.faulkner@mercia-group.com or call 0330 058 7141.
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