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Providing guidance on the procedures to be followed when undertaking accountancy assignments in unregulated areas.
In all professional work there are two main risks: the risk of an error being made; and the risk of that error being overlooked. The former is impossible to eliminate – errors will always be made – but the risk of such errors occurring can be reduced by standardising systems and procedures in line with current best practice.
There are two other risks inherent in accountancy work: the risk of legal action by the client; and of regulatory action by the firm’s professional body. Both of these risks only come into play if the error eludes the control system. The General Practice Procedures Manual provides organised work methods which will help to keep those risks to a minimum level. It also recognises that the practice is a commercial enterprise, and that the standardisation of systems will improve efficiency. Wherever appropriate, relevant regulations and ethical guidance have also been taken into account.
The manual provides standardised non-audit documentation, together with practical checklists and specimen reports and letters.
The manual is suitable for both ICAEW and ACCA member firms.
The General Practice Procedures Manual provides you with extensive guidance and ready-to-use templates in a range of areas including:
• Office procedures
• Quality Assurance
• Accounts preparation
• Audit exempt companies
• Management accounts
• Corporation tax
• VAT
• Payroll
• The Clients' Money Regulations
• And much more
As well as a huge range of guidance, the manual also gives you instant access to over 200 ready-to-use templates, letters and forms, including such things as:
• Client engagement letters
• Standard terms of business
• Accounts and disclosure checklists for audit exempt companies
• Self-assessment control sheet
• Template for annual practice assurance compliance review
• Template for annual client money compliance review
• And much more
July 2020
The method of delivery has changed and as such the layout and structure of the manual has been updated. For further details, please see the what’s changed guidance included within the product.
May 2019
The commentary in Chapter 7 was updated to reflect MTD which applies from 1 April 2019. The VAT return control sheet and the VAT return completion questionnaire were similarly amended.
March 2019
The bookkeeping services letter was updated to include clauses relating to MTD
The P11D completion questionnaire, Business tax computation checklist and Corporation tax computation checklist were updated for changes arising from the Finance Act 2019.
| Annual subscription fee | |
| Number of principals within the firm - 1* | £415.00 |
| Number of principals within the firm - 2-9* | £470.00 |
| Number of principals within the firm - 10-19* | £575.00 |
For 20 or more principals please contact us at sales@mercia-group.com or call 0330 058 7141.
*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.
Internet access.
Operating System: Windows, Mac IOS.
Applications: Full version of Microsoft Office or Mac equivalent, PDF Reader.
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