Registered Social Housing Providers Manual
Our Registered Social Housing Providers (RSHPs) Manual provides you with the current and permanent file programmes needed to undertake an audit or reporting accountant’s assignment for an RSHP.
The manual also includes:
- accounts disclosure checklists and pro-forma accounts covering the requirements of the Statement of Recommended Practice for Social Housing Providers 2018 (SORP 2018) and Accounting Direction 2022;
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for RSHPs.
Our RSHPs 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 provide you with essential background knowledge on the key aspects of RSHPs. These cover the relevant legal framework within which RSHPs operate and the key aspects of the SORP 2018 and the Accounting Direction 2022.
- Example engagement letters for both audit (including groups) and non-audit RSHPs. There is also an example letter of representation. A group audit questionnaire is also included, along with a group audit instruction letter.
- Example auditor's reports (including groups) and accountant's reports, along with a statement of board’s responsibilities.
- Example pro-forma accounts.
- RSHP accounts disclosure checklists covering the SORP 2018 and Accounting Direction 2022.
- 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 reporting accountant assignment over a number of years.
- RSHP specific current file documentation comprising of two separate packs of documentation for audit (including groups) and non-audit assignments. The audit documentation provides you with the planning, completion and detailed work programmes needed to undertake both a single entity audit and a group audit. Lead schedules and a current file index are also included. The non-audit assignment documentation provides you with the planning, completion and work programmes needed to provide an accountant's report on RSHP accounts.
- Supplementary forms that provide additional resources that may be useful for certain scenarios.
July 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.
April 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;
- Removal of content relating to the Accounting Direction 2019 as this is no longer relevant (including removal of the disclosure checklist);
- 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.
September 2023
The principal technical changes in this update include:
- The inclusion of group audit documents which incorporate changes in relation to ISA (UK) 600 Special considerations - Audits of group financial statements (Including the work of component auditors);
- The introduction of a new (optional) statistical sampling approach; and
- The reconfiguring of the guidance notes.
February 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:
- 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 statement; and
- Consequential amendments as a result of the new quality management standards.
- The Accounting Direction for private registered providers of social housing 2022.
| 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.
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