The March  2025 Compliance Release Notes have the below introductions:

• UK- Limited Liability Partnership (LLP)- FRC 2024 Taxonomies
• Ireland- Farmer- Audited Engagement Letter, Representation Letter, Bank Confirmation Letter and Solicitor's Confirmation Letter in the Documentation Pack

UK- Limited Liability Partnership (LLP)- FRC 202 Taxonomies

We are excited to announce the first-time implementation of the FRC 2024 taxonomies under the Limited Liability Partnership template in BrightAccountsProduction.

Following the latest taxonomies released by the Financial Reporting Council (FRC) and adopted by HMRC and Companies House, these taxonomies are now applicable for submitting LLP iXBRL Accounts to the relevant authorities. This update ensures your LLP filings remain compliant with the most current regulatory requirements.

Ireland- Farmer- Audited Engagement Letter, Representation Letter, Bank Confirmation Letter and Solicitor's Confirmation Letter in the Documentation Pack

Prerequisites:

• Ensure the Audit required under Investment Intermediaries Act 1995 box is checked under Compliance Database > Client Details > key Information.
• Add at least one bank to generate a Bank Confirmation Letter.
• Add at least one solicitor to generate a Solicitor's Confirmation Letter (Balance Sheet and Documents of Title).

Viewing Audited Letters:

• Engagement Letter: Select Show Audit Engagement Letter under Documentation Pack > Audit Engagement Letter. Modify sections as needed.

• Representation Letter: Select Show Audit Representation Letter under Documentation Pack > Audit Representation Letter. Modify sections as needed.

• Bank Confirmation Letter: Select Show Audit Bank Confirmation Letter under Documentation Pack > Audit Bank Confirmation Letter. 

• Solicitor's Confirmation Letter (Balance Sheet): Select Show Audit Letter to Solicitor's Re Balance Sheet under Documentation Pack > Audit Letter to Solicitor's Re Balance Sheet. 

• Solicitor's Confirmation Letter (Documents of Title): Select Show Audit Letter to Solicitor's Re Documents of Title under Documentation Pack > Audit Letter to Solicitor's Re Documents of Title.