Assurance Review Engagement Manual

Our Assurance Review Engagement Manual provides you with the current and permanent file programmes needed to undertake an assurance review engagement for a limited company in accordance with the International Standard on Review Engagements (ISRE) 2400 (Revised) and ICAEW Audit and Assurance Faculty Technical Release 09/13 (Revised).

The manual also includes:

accounts disclosure checklists, including versions for new UK GAAP in accordance with FRS 102, including FRS 102 Section 1A
guidance and procedures notes that set out how review engagements are conducted, including in accordance with the relevant quality control requirements
example engagement letters, reports and supporting statements.

Our Assurance Review Engagement 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 and procedures notes that provide you with a summary of the relevant legal and regulatory framework within which an assurance review engagement (review engagement) is undertaken and set out the firm's procedures for undertaking such an engagement.
Example engagement letters for undertaking review engagements for limited company clients. There is also an example letter of representation.
Example reports and supporting statements.
Example audit exempt limited company pro-forma abbreviated accounts, small company (FRS 102 Section 1A) and full FRS 102 accounts. Example Abridged accounts (FRS 102 Section 1A) are also included.
Limited company accounts disclosure checklists for audit exempt abbreviated, small (FRS 102 Section 1A) and full accounts.
Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to a review engagement over a number of years.
Limited company current assurance file documentation that covers planning, completion, detailed work programmes, a file index and lead schedules.
A cold file review checklist that will help you perform reviews of review engagements for quality control purposes.

April 2021
A number of minor changes to engagement letters, disclosure checklists, accounts and audit exemption criteria checklists have been made in relation to Brexit.

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 the Assurance Review Engagement Manual should be used with immediate effect.

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Sole Practitioner / Non-Audit Firm*	£130.00
Audit registered firms with 2-4 RIs*	£150.00
Audit registered firms with 5-9 RIs*	£180.00

For 10 or more RIs please contact us at sales@mercia-group.com or call on 033 0058 7141.

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Mercia online manuals are updated regularly by our technical staff and you will be notified of any significant regulatory changes by email.

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Assurance Review Engagement Manual

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