Our Audit Procedures Manual (UK) contains guidance to support the Mercia audit methodology which is reflected in our Audit Manual Packages and some of our Specialist Manuals such as the Charities, Academies and Pension Schemes Manuals. It also includes guidance on audit regulation and quality control, including fit and proper and independence forms and an audit compliance review.
Our Audit Procedures Manual can be browsed online or sections of commentary or the whole manual can be downloaded in Microsoft word or PDF.
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.
The method of delivery has changed and as such the layout and structure of the manual has been updated. For further details, please see the what’s changed guidance included within the product.
This update principally deals with the Ethical Standard published by the FRC in December 2019, and is largely effective from 15 March 2020. Audits for periods commencing before this date are conducted in accordance with the Ethical Standard 2016 and policies referred to in the previous version of the Audit Procedures Manual.
This update also incorporates changes to policies and procedures for:
For the first time, this update to your Audit Procedures Manual does not compliment an update to the Mercia Audit Manual. The changes to your Audit Manual which relate to the Ethical Standard 2019 are expected to be released in early 2021.
|Annual subscription fee|
|Sole Practitioner / Non-Audit Firm*||£150.00|
|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 email@example.com or call 0330 058 7141.
*Mercia Members receive a 10% discount.
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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.
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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