Clubs Manual (NI)
Our Clubs Manual (Northern Ireland version) provides you with the current and permanent file programmes needed to undertake an audit or an independent examination of a club in Northern Ireland.
The manual also includes:
- accounts disclosure checklists and pro-forma accounts;
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for clubs in Northern Ireland.
Our Clubs Manual (NI) 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 key aspects of clubs in Northern Ireland. They cover the relevant legal framework and how to approach an audit or independent examination of a club in Northern Ireland.
- Example engagement letters for both the audit and independent examination of a club that is registered under the Registration of Clubs (NI) Order 1996 (the Order). There is also an example letter of representation.
- Example audit and independent examination reports for clubs in Northern Ireland.
- Example pro-forma accounts for clubs in Northern Ireland.
- Accounts disclosure checklists for the legal and specific disclosures relevant to Registration of Clubs (Accounts) Regulations (NI) 2022 for both accruals and receipts and payments accounts. An FRS 102 1A disclosure checklist is also included.
- 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.
- Clubs in Northern Ireland specific current file documentation comprising of documentation for audit and independent examination assignments. The documentation provides you with the planning, completion and detailed work programmes needed to undertake an audit or an independent examination. Lead schedules and a current file index are also included.
- Supplementary forms that provide additional resources that may be useful for certain scenarios.
June 2024
The principal technical changes in this update include:
- Revisions in accordance with the FRC's Revised Ethical Standard;
- Changes to ISA 505 External Confirmations; and
- Best practice amendments.
May 2024
The principal technical changes in this update include:
- Removal of content for periods commencing before 15 December 2021 as this is no longer relevant;
- Update of disclosure checklists for recent minor changes in accounting standards; and
- Best practice amendments.
Exciting new feature
We have also developed tailoring and customisation tools to help you filter out the irrelevant parts of the Accounts disclosure checklist through a series of questions. These are available in the 'Customise' screen within the menu on the right.
By selecting 'Yes' to the question 'Would you like to tailor your accounts disclosure checklist through a series of questions?', you will then be asked a series of questions. Answering these subsequent questions will filter down the disclosure checklist so that only the sections you require will be shown / included within the checklist downloaded.
December 2023
The principal technical changes in this update include:
- The introduction of a new (optional) statistical sampling approach - A new (optional) statistical sampling approach has been added to sit alongside the extant judgemental sampling approach; and
- The restructuring of the guidance notes - The guidance notes have been restructured to make them more user-friendly and to ensure a consistent approach to guidance notes across Mercia’s suite of products.
March 2023
The principal technical changes in this update include the removal of content relating to the now superseded ISQCs and consequential amendments arising as a result of this.
In addition, a number of minor amendments / improvements have been made to other sections of the package, including updating engagement letters to reflect latest guidance.
July 2022
This major update to the methodology principally incorporates:
This major update to the methodology principally incorporates:
- ISA (UK) 315 (Revised July 2020) Identifying and assessing the risks of material misstatement.
- ISA (UK) 240 (Revised May 2021) The auditor’s responsibilities relating to fraud in an audit of financial statements.
- Consequential amendments as a result of the new quality management standards; and
- The introduction of the Registration of Clubs (Accounts) Regulations (Northern Ireland) 2022.
| Annual subscription fee | |
|---|---|
| Sole Practitioner / Non-Audit Firm* | £160.00 |
| Audit registered firms with 2-4 RIs* | £260.00 |
| Audit registered firms with 5-9 RIs* | £360.00 |
For 10 or more RIs please contact us at sales@mercia-group.com or on 028 3083 5588.
* Mercia Members receive a 10% discount
All prices are subject to VAT. Prices are subject to change on 1 July.
Mercia online manuals are updated regularly by our technical staff and you will be notified of any significant regulatory changes by email.Your subscription will automatically auto-renew on anniversary date, you will be notified by email before your subscription expires and offered the option to opt out of auto-renewal.
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