Clubs Manual (NI)
Our Clubs Manual (Northern Ireland version) provides you with the current and permanent file programmes needed to undertake an audit or an independent examination of a club in Northern Ireland.
The manual also includes:
- accounts disclosure checklists and pro-forma accounts
- guidance notes that summarise the current legal accounting, auditing and reporting requirements for clubs.
Our Clubs Manual (NI) is written in Microsoft Word and includes our tailoring tool 'Creator', which will help you select and edit your current and permanent file documentation.
- Guidance notes that provide you with essential background knowledge on the key aspects of clubs in Northern Ireland. They cover the relevant legal framework and how to approach an audit or independent examination of a club.
- Example engagement letters for the audit or independent examination of a club that is registered under the Registration of Clubs (NI) Order 1996 (the Order). There is also an example letter of representation.
- Example auditor's report and independent examiner’s report for clubs.
- Example pro-forma accounts for an Northern Ireland club.
- Accounts disclosure checklists for the legal and specific disclosures relevant to Registration of Clubs (Accounts) Regulations (NI) 2022 for both an accruals account and a receipts and payments account. An FRS 102 Section 1A disclosure checklist is also included. comprising of documentation for audit assignments. The audit documentation provides you with the planning, completion and detailed work programmes needed to undertake an audit. Lead schedules and a current file index are also included.
- 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 independent examination assignment over a number of years.
- Clubs specific current file documentation comprising of documentation for audit and independent examination assignments. The documentation provides you with the planning, completion and detailed work programmes needed to undertake an audit or an independent examination. Lead schedules and a current file index are also included.
December 2023
The principal technical changes in this update include:
- The introduction of a new (optional) statistical sampling approach - A new (optional) statistical sampling approach has been added to sit alongside the extant judgemental sampling approach; and
- The restructuring of the guidance notes - The guidance notes have been restructured to make them more user-friendly and to ensure a consistent approach to guidance notes across Mercia’s suite of products.
March 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:
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 statements.
- Consequential amendments as a result of the new quality management standards.
- The introduction of the Registration of Clubs (Accounts) Regulations (Northern Ireland) 2022.
March 2021
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.
It also incorporates the Ethical Standard 2019 and has revised the ethical forms (B12 and B13) and also incorporated Brexit related changes in company law and financial reporting standards.
| Annual subscription fee | |
|---|---|
| Sole Practitioner / Non-Audit Firm* | £160.00 |
| Audit registered firms with 2-4 RIs* | £260.00 |
| Audit registered firms with 5-9 RIs* | £360.00 |
For 10 or more RIs please contact us at sales@mercia-group.com or on 028 3083 5588.
* Mercia Members receive a 10% discount
All prices are subject to VAT. Prices are subject to change on 1 July.
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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