Assurance Review Engagement Manual
Our Assurance Review Engagement Manual provides you with all the programmes, documents and guidance needed to undertake an assurance review in accordance with the International Standard on Review Engagements (ISRE) 2400 (Revised) and also includes:
- Example letters;
- Example assurance reports;
- Example accounts; and
- Accounts disclosure checklists.
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 notes that summarise the relevant legal and regulatory framework within which a review engagement is undertaken and set out the firm’s procedures for undertaking such an engagement.
- Example engagement letters for assurance review engagements and an example letter of representation.
- Example assurance reports.
- Example pro-forma accounts for a small company (FRS 102 Section 1A) and full FRS 102 accounts. Example Abridged accounts (FRS 102 Section 1A) are also included.
- Accounts disclosure checklists for small companies (FRS 102 Section 1A), full FRS 102 accounts and small groups.
- Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an assurance review engagement over a number of years.
- Current file documentation that covers planning, completion and detailed work programmes.
October 2024
The principal technical changes in this update include:
- Revisions in accordance with the FRC's Revised Ethical Standard; and
- Best practice amendments.
May 2024
The principal technical changes in this update include update of disclosure checklists for recent minor changes in accounting standards.
October 2023
The principal technical changes in this update include:
- The reconfiguring of the guidance notes.
Exciting new feature
We have also developed tailoring and customisation tools within the Assurance Review Engagement Manual to help you filter out the irrelevant parts of the Accounts disclosure checklists 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 checklists / sections you require will be shown / available to download / included within the checklist downloaded.
April 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, minor amendments / improvements have been made to other sections of the package, including updating engagement letters to reflect latest guidance.
May 2022
This major update to the methodology principally incorporates:
- Amendments as a result of the new quality management standards.
- Updating documentation for minor changes to laws and regulations, and accounting standards.
- Best practice amendments
| Annual subscription fee | |
| Sole Practitioner / Non-Audit Firm* | £168.00 |
| Audit registered firms with 2-4 RIs* | £275.00 |
| Audit registered firms with 5-9 RIs* | £380.00 |
For 10 or more RIs please contact us at sales@mercia-group.com or call on 033 0058 7141.
* CPD 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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