Audit Manual Package (ROI)
Our Limited Companies Audit Manual Package (Republic of Ireland version) provides you with all the current and permanent file programmes needed to undertake a statutory audit. Users of our system benefit from:
-
A fully comprehensive package - incorporating disclosure checklists, audit regulation compliance and engagement letters, fully complying with Republic of Ireland legislation.
-
Electronic copy of all the documentation you need including planning, completion, companies accounts checklists, proforma accounts and flexible audit programmes.
-
Efficient creation and electronic filing of tailored packs for each client using our development tool, 'Creator'.
-
Procedures Manual including chapters on audit regulations, auditors' responsibilities, planning, effective auditing of each key area, completion procedures and reporting.
- Online audit methodology training incorporating the latest amendments to ISA 240 and ISA 315
-
Regular updating - no need to worry about new regulations. We do that for you.
- Guidance notes that provide you with a background as to how to use the manual and a what’s changed letter identifying all changes from the previous version of the manual.
- Example engagement letters for audit and group audits and an example letter of representation. Other letters that may be of help throughout an audit include, bank letters, disengagement letters, successor auditor requesting access letter and planning communication letter.
- Example audit report, for both UK GAAP and IFRS. A group audit questionnaire is also included, along with a group audit instruction letter.
- Example pro-forma accounts for full FRS 102, FRS 102 1A, Abridged (small) and IFRS.
- Accounts disclosure checklists for full FRS 102, FRS 102 1A, Abridged (small), FRS 101, IFRS and group FRS 102.
- Permanent file documentation that provides a structure for your permanent files and outlines the information required which is of continuing importance to an audit over a number of years.
- Current file documentation comprising of two separate packs of documentation for audit and group audit. 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. We also include a suite of spreadsheets including proforma working papers using Microsoft Excel.
- File review checklist.
- This subscription also includes the Audit Procedures Manual which includes guidance on general audit procedures such as the planning, controlling, recording and completion of audit work. It also includes specific procedures by audit area, for example, income and debtors, and sets out the Mercia approach used within the programmes contained in your Audit Manual. There are also sections on Ethics and Audit Regulation & Quality Management. This manual will need tailoring by firms for their own internal policies and procedures.
- Online audit methodology training, incorporating the latest amendments to ISA 240 and ISA 315.
February 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;
- Update of disclosure checklists for recent minor changes in accounting standards; and
- Best practice amendments.
September 2023
The principal technical changes in this update include:
- Changes in relation to ISA 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 introduction of a set of guidance notes specifically tailored for companies.
Exciting new feature
We have also developed tailoring and customisation tools 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, a number of minor amendments / improvements have been made to other sections of the package, including updating engagement letters to reflect latest guidance.
June 2022
This major update to the methodology principally incorporates:
This major update to the methodology principally incorporates:
- ISA (Ireland) 315 (Revised October 2020) Identifying and assessing the risks of material misstatement.
- ISA (Ireland) 240 (Revised October 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.
There is a one-off initial fee for the right to use the manual.
You will be automatically enrolled in our online update service.
| Cost | |
|---|---|
| Sole Practitioner / Non-Audit Firm* | €299.00 |
| Audit registered firms with 2-4 RIs* | €499.00 |
| Audit registered firms with 5-9 RIs* | €699.00 |
For 10 or more RIs please contact us at sales@mercia-group.com.
All prices are subject to VAT. Prices are subject to change on 1 July.
Internet access.
Operating System: Windows 10.
Applications: Full version of Microsoft Office 2010, 2013 and 2016, Adobe Reader.
Note: Windows Office RT, Office Mobile and Office 365 Online are not currently supported.
Office 365 with a locally installed copy of the Office suite is supported.
Members get more
Become a member today and get discount rates on our courses and products.
Find out more
Enquiries and ordering
For more details and to place an order, please call (+353) 01 809 0080 or email enquiries@merciaireland.com
