The August 2025 Compliance Release Notes have the below updates

1. Extended Company Accounting and Dislosure Error Reporting (56 of 63)
2. Introduced the UK Company: Housing Association option
3. Introduced Documentation Packs for
   1. Clubs - Audited
   2. Schools - UnAudited

COMPANY - ACCOUNTING AND DISCLOUSURE ERROR ANALYSIS REPORT

We have made additions to the Accounting and Disclosure Error Analysis Report, intended to assist you in addressing accounting and disclosure errors encountered during the preparation of accounts with ease and expertise. Upon completing the accounts, if you encounter any such errors, you will be able to access the Accounting and Disclosure Error Analysis Report in the Produced Accounts section.

This report will provide comprehensive guidance, including detailed instructions, underlying equations, and validation rules, to help you resolve these errors effectively.

In this release, we have identified and addressed eight accounting errors relevant to the holding company. Each error has been thoroughly evaluated with proper formulas to ensure accuracy and reliability before the finalization of books of accounts.

UK COMPANY: NEW HOUSING ASSOCIATION OPTION

We have introduced a new option for UK businesses operating as – Housing Associations. This format, available exclusively under the Company Template, ensures compliance with the Co-operative and Community Benefit Societies Act 2014, the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2022 by automatically including appropriate section citations throughout the accounts where applicable.

This document outlines the prerequisites, configuration settings, and operational procedures for utilizing this new functionality.

Prerequisites

To utilise this option, the following prerequisites must be met:

1. UK Business Requirement: The Country of Incorporation must be UK or Northern Ireland.
2. Company Template: The option is only available when using the Company Template
3. Financial Reporting Standard: It is strongly recommended to have either Follow FRS 102, Follow FRS 102 Section A or FRS105 selected in the accounting options. You can navigate to the same through the path Compliance Database > Legislation, Compliance and Disclosure > Accounting Options

Activating the Housing Associations format 

To activate the Community Benefit Society format:

1. Navigate to Compliance Database > Legislation, Compliance and Disclosure > Accounting Options
2. Locate and check the option: Is this entity registered under the Society Act?
3. Select the ‘’Follow Housing Associations’’ format from the compliance Database
4. Once this option is checked, the Dates & Signing and Disclosure sections will become accessible

Customizing Signatories

Before producing the accounts, you can customize the list of positions and names required for signatures:

1. Navigate to Compliance Database > Legislation, Compliance and Disclosure > Dates and Signing
2. Edit the list of positions and names according to your requirements
3. Important Requirement: The position of Company Secretary must be included in the list of signatories

Implementation

When properly configured, the system will automatically incorporate appropriate section representations throughout the accounts wherever applicable, ensuring compliance with the Co-operative and Community Benefit Societies Act 2014, the Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2022. This streamlines the accounts production process for UK Community Benefit Societies while maintaining regulatory compliance.

DOCUMENTATION PACK - CLUBS AUDITED

Audited Letters:

Prerequisites:

• Ensure the Audit report required option 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:

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

DOCUMENTATION PACK - SCHOOLS UNAUDITED

Unaudited Letters:

Prerequisites:

• Ensure the Audit report required option is unchecked 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 Unaudited Letters:

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