Charities Manual
Our Charities Specialist Assignment 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 Specialist Assignment Manual is written in Microsoft word and includes our tailoring tool 'Creator', which will help you select and edit your current and permanent file documentation.
- 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.
The latest version of Charities Manual is version 16.0, dated 06/19.
This update principally dealt with:
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- Financial reporting changes including the Charities SORP (FRS 102) Update Bulletin 2, updates to FRS 102, and where applicable, company law amendments. Updated and / or new disclosure checklists and proforma accounts have been included;
- Updated OSCR guidance for independent examinations and a guide to charity accounts.
This update to your Charities SAM should be used with immediate effect.
| Initial subscription fee | |
|---|---|
| Initial subscription fee: Sole Practitioner / Non-Audit Firm* | £245.00 |
| Initial subscription fee: 2-4 RIs* | £295.00 |
| Initial subscription fee: 5-9 RIs* | £395.00 |
| Subscription renewal | |
| Subscription renewal: Sole Practitioner* | £145.00 |
| Subscription renewal: 2-4 RIs* | £175.00 |
| Subscription renewal: 5-9 RIs* | £215.00 |
For 10 or more RIs please contact Jenny Faulkner at jenny.faulkner@mercia-group.com or call 0330 058 7141.
*Mercia Members receive a 10% discount.
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There is a one-off initial subscription fee for the right to use the manual dependent on the number of Responsible Individuals (RIs) for audit purposes in your firm.
In order to keep you up to date, you will be automatically enrolled in our online update service. Your subscription renewal will be invoiced on anniversary date.
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