Stay Compliant with ICPA’s Essential Documentation Toolkit
Thanks to our partnership with The HAT Group, ICPA is able to offer members a whole host of additional support, resources and other membership benefits. These include ICPA’s Essential Documentation Toolkit.
What Is the Essential Documentation Toolkit?
The ICPA Essential Documentation Toolkit is a suite of varied accounting compliance documentation, designed with accountants and small practices in mind. Its purpose? To save you time and support your compliance efforts.
This accounting document toolkit has been developed in collaboration with The HAT Group – part of the ICAEW Practice Assurance Scheme – giving you the peace of mind of knowing that this toolkit meets the highest industry standards.
Every single ICPA member has access to this toolkit, no matter which membership package they are signed up to.
Membership Packages
From sole practitioners to small accountancy firms, we offer four packages to suit your practice's needs
Key Features of the Documentation Toolkit
Our accounting practice documentation is:
- Time-saving: Make the most of ready-to-use documents, created to reduce the administrative burden on sole practitioners and small practices.
- Compliance-focused: Our documentation meets UK regulatory requirements, reducing your risk of non-compliance penalties.
- Customisable: Our document templates are flexible and can be tailored to suit specific practice needs and client complexities.
Engagement Letters Pack
- What it covers: Our suite of engagement letters for non-audit assignments includes covering letters, generic terms and conditions and service schedules covering topics such as the preparation of financial statements, payroll and taxation.
- Why it matters: Agreeing on the terms of engagement is key to managing a firm’s liability. This suite of letters is designed to be quick and easy to customise to meet client-specific needs and cover all requirements.
Anti-Money Laundering (AML) Procedures Pack
- What it covers: This essential accounting practice documentation is based on the 2017 Regulations as well as guidance from CCAB, representing best practice across the accountancy sector. It covers the fundamental firm-wide and client-specific policies and procedures needed for AML compliance: risk assessments, internal reporting forms for suspicious activities and a step-by-step AML compliance guide.
- Why it matters: AML procedures for small practices can be complex – this pack helps to simplify them while ensuring HMRC compliance. Visit this page for more ICPA anti-money laundering compliance resources.
Non-Audit Assignments Methodology
- What it covers: Here, you’ll find step-by-step guidance on confirming audit exemption, checking which financial reporting standards are to be followed, and disclosure checklists for both FRS 105 and FRS 102 Section 1. This specific accounting compliance documentation also includes control documentation, which you can tailor based on the size and complexity of each client.
- Why it matters: These resources help accountants to meet disclosure requirements and allow adaptation depending on client complexities.
How ICPA Supports Your Practice with This Toolkit
We want to ensure all of our members can make full use of our accounting practice documentation and other benefits and resources. When you join ICPA we’ll send you not only the toolkit itself, but also our guidance for using it effectively: including a simple step-by-step guide tailored specifically for the requirements of small practices.
What’s more, we also provide further support alongside our accounting document toolkit and associated guidance. As an ICPA member you have access to our dedicated advice lines and email support services. If you do need support with the toolkit at any point, just get in touch – we’ll always be happy to help.
Access the Essential Documentation Toolkit Today
When you join as an ICPA member, information about how to access your accounting document toolkit will be sent you, and accessible whenever and wherever you need it. You’ll also receive guidance on using the toolkit – and our accounting technical support team is here should you need more advice.
To join ICPA and access this documentation toolkit – along with all of our other benefits – click here. Alternatively, contact us to learn more about the kit, its applications, and anything else you need to know about ICPA.
