Comments on 100 Group paper definition of corporate governance, the board should be balanced and reporting.
Letter is responding to MG Lickiss' comments on his draft [Standards of financial reporting and auditing] and clarification of focus of the Committee.
Covers aspects of board of directors, internal controls, financial reporting, auditing.
Submission covers communication between boards and stakeholders, executive and non-executive directors, corporate reporting.
30. Correspondence from Ron Dearing, Financial Reporting Council, including responses to the draft report from ICAEW, Rowena Mills Associates, Delta plc and Sears plc between 1 May 1992 and 23 July 1992.
Includes comments on differentiation between executive and non-executive board members, role of auditors and non-audit fees. Memo from Nigel Peace included.
Comments on potential for statements of conformity to become meaningless, possible progress to an international accounting regime and institutional shareholders, plus detailed comments.
Suggests an additional entry on the form about directors understanding their duties.
Comments on non-executive directors, financial reporting, auditing and institutional shareholders.
Comments on information for the small shareholder, going concern and extended comments on take-overs and fraud.
Financial Reporting Council comments on the draft report and includes 2 commenting letters and earlier ones. It also makes suggestions on how to alter the text while commenting on the auditors role, non-audit fees of the auditor.
Comments in the context of the wider context of corporate governance, while focussing on internal control, self-regulation and enforcement, interim financial reporting and auditing.
Comments on Code of Best Practice, audit committees, directors' contracts, reporting and aspects of auditing.
Comments on the requirement for interim financial reports to include balance sheets, access to professional advice for non-executive directors and the roles of directors at an AGM.
Comments on statements of compliance with the code of best practice as an obligation but not a requirement of listing, responsibilities of the directors and financial reporting.
The document concentrates on financial control and reporting.
There is draft guidance on compliance with the Code of Best Practice and also guidance on the topic issued in December 1993. In July 1993 the APB issued a draft for comment on reviewing interim financial information.
The paper sets out the many recent reforms in financial reporting and auditing practices. It supports the Cadbury proposals but calls for more coordination and consistency between the various bodies with a role in financial reporting and auditing.
This refers to the wording in reports and accounts about Directors' responsibilities as mention in the Code of Best Practice. Also included is the text of an article for the Law Society's Gazette.
44. Corporate Governance Committee meeting on 24 November 1993 including extending report's recommendations to large private companies, progress from the monitoring subcommittee, going concern guidance, financial reporting and corporate governance 'overload',
In addition to the supporting doucments for the meeting it contains the minutes of the meeting.
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.
Foreword to the ICAEW's guidance on internal control and financial reporting which appeared in Accountancy, February 1995.
Letter discusses prosposed amendments to the Stock Exchange listing rules and its aim to establish itself as an effective regulator.