Audit Exemption Manual (UK)
Includes FRS 102 Section 1A and FRS 105 disclosure checklists and example accounts.
Our Audit Exemption Specialist Assignment Manual provides you with the current and permanent file programmes needed to prepare financial statements for audit exempt limited companies, including micro-entities and for unincorporated businesses.
The manual also includes:
- accounts disclosure checklists, including versions in accordance with FRS 102, FRS 102 Section 1A and FRS 105
- guidance notes that summarise the current legal accounting and reporting requirements for audit exempt companies
- an eligibility checklist to help you confirm the exemptions available.
Our Audit Exemption Specialist Assignment Manual (UK) is written in Microsoft word and includes our tailoring tool 'Creator', which will help you select and edit your current and permanent file documentation.
Printed audit exemption file index cards are also available for this manual. Click here to find out more or to order index cards.
- Guidance notes that provide you with essential background knowledge on the legal framework within which audit exempt companies operate. Guidance is also included on the performance of unincorporated assignments.
- Example engagement letters for accounts preparation assignments for limited companies, including micro-entities and for unincorporated clients. There is also an example letter of representation.
- Example accountant's reports.
- Example audit exempt limited company pro-formaaccounts for a small company (FRS 102 Section 1A) and full FRS 102 accounts, as well as pro-forma micro-entity accounts. Example Abridged accounts (FRS 102 Section 1A) are also included.
- Limited company accounts disclosure checklists for audit exempt small (FRS 102 Section 1A), full accounts and small group 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 exempt assignment over a number of years.
- Limited company current audit exempt file documentation that covers planning, completion, detailed work programmes, a file index and lead schedules. The unincorporated assignment documentation provided includes simple planning and completion documents, along with work programmes.
- A cold file review checklist that will help you perform reviews of audit exempt assignments for quality control purposes.
The latest version of Audit Exemption Manual (UK) is version 16.0, dated 01/19.
This update principally dealt with:
- Financial reporting changes including FRS 102 and company law amendments and where relevant updated and/or new disclosure checklists and proforma accounts have been included.
This update to the Audit Exemption Manual (UK) should be used with immediate effect.
| Initial subscription fee | |
|---|---|
| Initial subscription fee: Number of principals - 1* | £195.00 |
| Initial subscription fee: Number of principals - 2-9* | £245.00 |
| Initial subscription fee: Number of principals - 10-19* | £295.00 |
| Subscription renewal | |
| Subscription renewal: Number of principals - 1* | £125.00 |
| Subscription renewal: Number of principals - 2-9* | £145.00 |
| Subscription renewal: Number of principals - 10-19* | £175.00 |
For 20 or more principals please contact Jenny Faulkner at jenny.faulkner@mercia-group.com or Andy Holton at andy.holton@mercia-group.com or call 0330 058 7141.
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There is a one-off initial subscription fee for the right to use the manual dependent on the number of principals at your firm.
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