The file includes the text of Sir Owen Green's Pall Mall Lecture, statistics from the ABI on compliance, agenda and papers on independent boards, monitoring compliance and various papers on internal control.
Minuted items: internal control (ref Paul Rutteman), going concern, Labour Party document (See CAD-02281) and monitoring compliance with the Code.
Preliminary to the meeting of the Financial Reporting Council which will discuss a successor body to the CFACG.
Comments on and seeks discussions with the Committee on the draft guidance on paragraph 4.5 of the Cadbury Code i.e. Reportable weakness and effectiveness of internal financial control systems.
The letter opines that encouragement to to express opinions about the effectiveness of internal control would be premature.
Issues raised include expressing an opinion on the effectiveness of internal control systems, successor body and its remit.
Foreword to the ICAEW's guidance on internal control and financial reporting which appeared in Accountancy, February 1995.
The article should refer to draft proposals from the Working Group on Internal Control.