The paper sets out possible terms of reference and the issues the successor body could address.
Comments on and seeks discussions with the Committee on the draft guidance on paragraph 4.5 of the Cadbury Code i.e. Reportable weakness and effectiveness of internal financial control systems.
Arlen plc made a statement about compliance with the Code which auditors reported as inadequate. As a result it was requested that Sir Adrian Cadbury write to the institutional directors requesting they should contact the company. See press cutting file for 3-page extract.
The letter opines that encouragement to to express opinions about the effectiveness of internal control would be premature.
Deals with internal control systems, issues for the successor body, monitoring compliance [with the Code] and various aspects handled by the Monitoring Sub-committee. Also includes letter from DTI on length of directors' service contracts, disclosure of no-audit fees paid to firms, protection for auditors reporting fraud. A note sets out proposed amendment to minutes of meeting held on 14 September, 1994.
This is a file number and no individual papers are extant. It comprises several items.
Foreword to the ICAEW's guidance on internal control and financial reporting which appeared in Accountancy, February 1995.
Contains arrangements for AC to speak at PIRC conference and guidance on 'independence ' of directors and its relationship with compliance with the Code.
Meeting concerns the need for a successor committee, who will sponsor it, including dealing with remit, membership and financing.
Mentions a request for Sir Adrian Cadbury to speak in Liverpool, articles appearing in the FT on 27 February 1995, and meeting with DTI on 7 March.
Topics covered include: successor body, independence of directors and the draft report on monitoring.
Also included are some responses to a questionnaire seeking opinions on topics for review.
Letters mainly relating to possible additions to the Committee, especially from the business world.
This series sets out the draft terms of reference (25 April 1991), sets up the financial arrangements for the Committee, a briefing paper (13 May 1991), outline work programme and framework for the report, meeting dates and membership.