Technical Support

Hot File Reviews are recommended for high risk, technically challenging assignments or indeed to address any other ethical concern such as where the audit fees represent a substantial proportion of total practice income. This service may also be advisable if the audit fee represents a substantial proportion of an individual partner’s total portfolio income. The reviews can be carried out at your offices (to review three files or more) or you may prefer to send the files to us for review.

The service includes the following:

• A detailed review of the accounts and working papers before the file has been fully signed off.
• A written report that will identify any weaknesses as well as the key matters to address before the audit opinion is issued.

Each visit will include a verbal de-brief meeting with the partners and managers. This is an important part of the service and will highlight the key points arising from the reviews as well as the recommended action to be taken. Any comments of the partners and managers can be incorporated into the report as appropriate. For those files that are reviewed in house, the reviewer will follow up the report with a telephone call to explain the key matters arising and any action points to be taken.

Cost (per file)
Single entity review - In house	£450 (£405*)
Single entity review - Visit	£480 (£450*)

*Special discounted price to Mercia members.

All prices are stated exclusive of VAT and travelling expenses (where applicable). If you would like further details contact David Southern. If you would like to book a review contact Dawn Hollies.