The Accountants' Resource Centre
Efficient and Profitable Compliance for Irish Accountants & Auditors
Put Technical Compliance In It's Box!
Why do some firms generate substantial and consistent profits from their compliance services, while other firms struggle to generate meaningful and reliable returns on compliance?
Why do some firms breeze through Institute Monitoring visits, while other firms live in constant fear of the dreaded letter from their Institute and lose weeks of productive time tidying up their firm when the letter lands?
How do some firms leverage their most senior staff out of day-to-day compliance, while other firms require owners and senior team members to drag, pull and push all compliance matters every step of the way?
The differentiating factor in all the cases above is implementation of best practice compliance processes and procedures, that ensure maximum efficiency and profitability and bring your entire team on board with a single best-practice approach.
A best-practice process is exactly what The Accountants’ Resource Centre (ARC) provides. The Accountants’ Resource Centre gives you everything you need to run a compliant and profitable accountancy firm, producing technically compliant files within your firm's quality control procedures in accordance with ISQC1.
The Accountants' Resource Centre (ARC)
Let’s be honest. Compliance is a pain in the ass. Essential and necessary but a pain in the ass none the less.
Our goal for you is simple –
To ensure that you meet your Institute’s Monitoring and Compliance standards,
in the most efficient and profitable manner possible with the minimum negative impact on your clients.
in the most efficient and profitable manner possible with the minimum negative impact on your clients.
With The Accountants’ Resource Centre, you can have total confidence in your firm’s technical processes and procedures. You can deploy Standard Operating Procedures that work, freeing you and your team to work where you can add most value – helping your clients build profitable and rewarding businesses.
Once you no longer have to struggle and fight with basic compliance issues, imagine how different it will feel going to work every morning.
Imagine, with all the dead compliance time you free up, leaving work every evening knowing the impact you have had on the lives of the clients whose businesses you helped grow.
Imagine being truly valued by your clients because instead of ticking and bashing, you were helping them solve problems in their business.
Imagine, instead of being stuck facing the same mind-numbing compliance issues day in day out, your processes empowered your team to take responsibility, freeing you to take on new stimulating work that excited you.
This is precisely what The Accountants’ Resource Centre is all about.
Ways to Solve the Problems
Accountants have had so much thrown at them over the last four years. How do you keep up, and more importantly, how do you stay ahead?
The Accountants' Resource Centre is the ultimate compliance toolkit for Irish accountants and auditors, helping you meet your Institute Compliance standards in the most efficient and profitable manner, freeing you and your team to help your clients grow profitable and rewarding businesses.
- Over the last 15 years, ARC has developed it into the most comprehensive resource available to Irish accountants.
- We have hundreds of members accessing the site every day, downloading checklists, templates, programmes, tools and resources to use in their practice.
- Every time there is an update or a change, we update the resource centre to keep you on track. We are continually adding new documents and new resources.
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We have invested over 10,000 hours developing this site and now have a dedicated development team to continue creating tools that will help accountants every day.
- Our material will save you and your practice 1,000s of hours research, trial and error.
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Freeing you from the burden of researching and developing your suite of internal documentation to implement your firm’s quality control system
The Most Comprehensive Compliance Toolkit for Irish Accountants & Auditors
Sure, if there was nothing else on your desk, you could figure all this out yourself, but you have to ask yourself: If it hasn’t happened to date, when are you going to find the time to do it. We have invested well over 10,000 hours in the development of The Accountants’ Resource Centre to date, and we are continuously investing in its ongoing development.
The Accountants' Resource Centre is most valuable Compliance resource available to Irish Accountants & Auditors. It can be deployed with almost every single client in your firm, and when integrated into your firm, will be used daily.
The Accountants’ Resource Centre will take all the headaches and mental torture out of Compliance. We have broken everything down to into simple, bite-sized chunks to remove as much of the doubt and as many of the questions as possible.
The Accountants’ Resource Centre has it all.
What’s more – it now contains the Best ISQM1 Manual and Integrated Toolkit!!
At the heart of ARC are programmes, templates and checklists for:-
- Sole Traders
- Small Audit Exempt Companies
- Micro Audit Exempt Companies
-
Solicitors
- Sample Financial Statements and Abridged Financial Statements
- Disclosure Checklist Suites for All Statutory Financial Statements and Abridged Accounts
The ARC Contains Audit Programmes and Working Papers for:-
- Medium / Large Companies
- Small Companies
- Micro Companies
- S.1A Companies
- Dormant Companies
- Charities
- Property Management Companies
Documentation and Correspondence:-
- Audit planning memo templates
- Audit conclusion memo templates
- Engagement letter templates
- Audit planning letter templates
- Letter of representation templates
- Management weakness letter templates
- Audit finding letter templates
In our Other Resources Section, you will get things like:-
- Programmes for reporting to the Property Services Regulatory Authority
- Terms of business to support your letters of engagement
- Templates for auditor resignation and removal
- Client work programmes
- Comprehensive Bank of Template Working Papers
- Agreed-upon-procedures, letters of engagement and reports
The biggest advantage of the Accountants' Resource Centre Programmes is that we not only give you the programmes and checklists you need, we also give you all the answers in our template working papers and “done for you” documents so that you just need to tweak and tailor for your clients.
Some Key Accountants' Resource Centre Features
The AuditHUB
The New Irish International Standards on Auditing were published by the Irish Auditing and Accounting Supervisory Authority (IAASA) on 31st of January 2017. IAASA has become responsible for the adoption of the auditing framework in Ireland under S.I. 312 of 2016 which came into effect on the 17th of June 2017. Included in The Accountants' Resource Centre is AuditHUB which provides you with -
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Quick guides for every auditing standard, setting out a synopsis of what auditors need to know and apply in relation to the new IAASA International Standards on Auditing
- Detailed guides for every standard, with commentary and guidance in relation to the objectives, requirements and documentation of the new auditing standards
- An extensive opinion-forming guidance document, with over 40 sample audit opinions for the many possible entity types, including unincorporated entities
- Audit Opinion Building Flowchart to help you navigate through the opinion forming process
Fully Updated AML Manual
OmniPro’s AML Manual incorporates the key updates brought in by The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 and the recent Sanctions against Russia. Once again OmniPro and The Accountants' Resource Centre are first to the market with a fully up-to-date Anti-Money Laundering Manual which ensures that you will comply with the latest AML legislation.
- AML Firm Action Plan
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AML Procedures Manual
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Customer Due Diligence Builder
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Firm Business Risk Assessment Form – Pre Populated with suggested responses
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AML Sample Detailed Client List Risk Assessment
- Individual Client Identity Forms
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Corporate Client Identification Form
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Form of Request for Providing Information
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Identification Form for Remote Clients
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Training Record and Annual Confirmation
Solicitors' Accounts Programme
In our latest update we have just released our Solicitors' Accounts Programme which provides you with the following -
- Solicitors' Work Programme
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Solicitors' Planning Memo
- Ltd Co Audit Irish Bank Letter
- Solicitors' Completion Memorandum
- Solicitors' Engagement Letter
- Solicitors' Letter of Communication
- Solicitors' Letter of Representation
- Reporting accountants report 2014 Act
- Solicitors' Accounting Regulations GDPR LOE Appendix
Letters of Engagement Suite
Our Letters of Engagement Suite contains over 40 individually tailoured Letters of Engagement that you can roll out in your firm immediately. Each Letter of Engagement if fully editable affording you the maximum flexibility. We have broken our Letters of Engagement Suite down into Audit and Non Audit Versions so not matter what ARC package you choose to register for you will have the most relevant Letters of Engagement for your firm.
Other Resources & Templates
Our Other Resources & Templates section is a compendium of useful documents that will support you in streamlining your firms Compliance including Audit Exempt Documentation, Auditor Resignation or Removal Templates, Compilation Engagements, Directors Confirmations and a Selection of Expanded Working Papers to name just a few.
What’s the Cost and How Does it Work?
As a member of the Accountants' Resource Centre, you will get online access to material that you can download to your network and apply for your clients.
Your annual membership entitles you to access the resources throughout the period of your membership, and, as we update material and add new resources, you will get them too' through the member's portal.
The value contained in the Annual Premium Membership to ARC is far in excess of €1,000, and, even at that price, there would be a significant return on investment for you and your practice.
Your Accountants' Resource Centre Investment
ARC Non-Audit
€
297
PER YEAR,
1-4 PARTNER FIRM
€29 Pay Monthly Option Available
- Sole Trader Pack
- Audit Exempt Pack
- Micro Exempt Pack
- Other Resources & Templates
-
AML Procedure Manual and Tools
- Letters of Engagement - Non-Audit Suite
arc premium
€
497
PER YEAR
1-4 PARTNER FIRM
€49 Pay Monthly Option Available
- Sole Trader Pack
- Audit Exempt Pack
- Micro Exempt Pack
- Other Resources & Templates
-
ISQM1 Manual and Tools
- AML Procedure Manual and Tools
- Letters of Engagement - Full Suite
- AuditHUB
- Dormant Company Pack
- Small Company S.1A Pack
- Micro FRS 105 Company Pack
- Medium / Large Company Pack
ARC Premium PLUS
€
747
PER YEAR
1-4 PARTNER FIRM
€75 Pay Monthly Option Available
- Sole Trader Pack
- Audit Exempt Pack
- Micro Exempt Pack
- Other Resources & Templates
-
ISQM1 Manual and Tools
- AML Procedure Manual and Tools
-
Letters of Engagement - Full Suite
- AuditHUB
- Dormant Company Pack
- Small Company S.1A Pack
- Micro FRS 105 Company Pack
- Medium / Large Company Pack
-
Charity Pack
- Property Management Company Pack
- Solicitors Pack
Prices for all subscription's quoted above are exclusive of vat.
What updates are coming in 2024?
Updates
Non-Audit
Premium
Premium Plus
January 2024
- Regulated Entity Audit Ltd Company FRS102 Resource Pack
-
AML Manual Updates
-
IT Checklist ISA 315
What's in the Letters of Engagement Section?
We have massively expanded our Letter of Engagement Suite which now includes the following -
- Ire Group Ltd Co Audit Engagement Letter ROI Audit Firm
- Full FRS 102 Medium Large Company Audit Letter of Engagement
- FRS 102 S 1A Small Company Audit Letter of Engagement
- FRS 105 Micro Company Audit Letter of Engagement
- Charity Co CLG Audit Letter of Engagement
- Unincoporated Charity Audit Letter of Engagement
- Property Management CLG Co Audit Letter of Engagement
- Solicitor Accountants Report to the Law Society Letter of Engagement
- Industrial and Provident Society Audit Letter of Engagement
- Friendly Society Audit Letter of Engagement
- Limited Liability Partnership Audit Letter of Engagement
- Pension Scheme Audit Letter of Engagement
- Unincoporated Unregistered Club Audit Letter of Engagement
- Incorporated Insurance Investment Broker FRS 102 Letter of Engagement
- Unincorporated Insurance Investment Broker Letter of Engagement
- Credit Union Audit Letter of Engagement
- Audited Incorporated Auctioneer Housing Agent Letter of Engagement
- Incorporated Auctioneer Housing Agent unaudited Letter of Engagement
- Unincorporated Auctioneer Housing Agent unaudited Letter of Engagement
- Unincorporated Secondary School Audit Letter of Engagement
- Section 208 Statement of Affairs Letter of Engagement
- UK Group Ltd Co Audit Engagement Letter ROI Audit Firm
- UK Ltd Co Audit Engagement Letter ROI Audit Firm
- FRS102 S1A Small Ltd Co Audit Exempt Letter of Engagement
- FRS 105 Micro Co Ltd Audit Exempt Letter of Engagement
- Sole Trader Accounts Compilation Letter of Engagement
- Limited Partnership Audit Exempt Letter of Engagement
- Partnership Accounts Compilation Letter of Engagement
- Audit Exempt Pension Scheme Letter of Engagement
- UK Ltd Co Audit Exempt Engagement Letter ROI Firm
- Personal Tax Compliance Letter of Engagement
- Corporation Tax Compliance Letter of Engagement
- Partnership Tax Return Compliance Letter of Engagement
- Tax Consultancy Letter of Engagement
- Spouse Partner Family tax planning Letter of Authorisation to Act
- Payroll Services Letter of Engagement
- VAT Services Letter of Engagement
- Bookkeeping Letter of Engagement
- Company Secretarial Services Letter of Engagement
- Agreed Upon Procedures Letter of Engagement
- Firm GDPR Privacy Notice Appendix to Letters of Engagement
What's in the Other Resources & Templates Section?
Agreed-Upon Procedures
- Agreed-Upon Procedures Engagement Letter
- Agreed-Upon Procedures Report
Audit Exempt Documentation
Auditor Resignation or Removal
- Auditor Resignation or Removal IAASA Notification
- Letter of resignation and statement of no circumstances
- Letter to Predecessor Auditor for Professional Clearance (No information request)
- Request for Information Access to Predecessor Auditor
- Letter to Successor Auditor on Information Request
- Authority to disclose information to Successor Auditor
- Standard letter to proposed successor auditor no matters to report
Client Work Programme
- Client Work Programme
Compilation Engagements
- OmniPro Guide to Compilation Engagements under ISRS 4410
- FRS 105 Micro Co Ltd Audit Exempt Letter of Engagement
Directors Confirmations
- Directors Confirmation Form
- Auditors Duty to Report to the Financial Regulator
Financial Regulator Reporting
- Society Audit Engagement Letter 2019
Friendly Societies
- Audit Opinion Friendly Society
GDPR Information
- OmniPro Privacy Notice External for Distribution with LOE
M45 Grant Reporting
- M45 Grant Engagement Letter
- Independent Accountants Report
PSRA Annual Licence
- Property Services Regulatory Authority Guidance and Work Programme
Selection of Expanded Working Papers
- Sample Expanded Going Concern Working Paper
- Completeness of Income Risk Assessment and Response
- Value in Use under Section 27 FRS102
- Example Value in Use Calculation
- Section 28 FRS 102 Defined Benefit Workings Example
Strike Off Engagements
- Restoring a Struck Off Company
- Terms of Business
Turnover Report
- Turnover Report Engagement Letter
- Turnover Report
Unlimited Companies
-
A 1.2 Unlimited Co Audit Report 2018
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