Item List : "Auditing"

51. Record of meeting with Hugh Collum, 100 Group, 14 January 1992

Comments on the papers circulated for the 20-21 January 1992 meeting.

52. Price Waterhouse submission to the Cadbury Committee on Financial Aspects of Corporate Governance, 5 February 1992

Covers aspects of board of directors, internal controls, financial reporting, auditing.

53. Letter, dated 24 April 1992, from Chris Holder, Arthur Andersen covering views expressed at Cadbury Committee on Corporate Governance Dinner, 30 March 1992.

The views cover the range of auditing issues, non-executive directors, responsibilities of directors, divided boards and other matters.

54. Letter, 7 July 1992, from JP Dobrowolski, Argos plc.

Comments on the role of internal auditors.

55. 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.

56. Revised questions and answers brief for the launch of the [draft] report, 22 May 1992.

Includes 2 pp of 11 questions apparently compiled by ICAEW referring specifically to auditing and accounting aspects.

57. Report on a pilot study on attitudes toward the issues of corporate governance, a presentation by Angus Maitland, Burson-Marsteller at CBI/B-M conference on Corporate Governance 10 June 1992 and reply by Nigel Peace.

Reports the results of a survey. Auditors are least likely to benefit while non-executive directors benefit most. Responsibility for compliance lies with company management and institutional shareholders or Stock Exchange, while expresses doubts over self-regulation.

58. Comments, dated 17 June 1992, by JC Dwek, Bodycote International plc, letter and reply by Nigel Peace.

Comments that fraud is very difficult to prevent and comments on non-executive directors and auditing, especially their resignation advice.

59. Letter, dated 18 June 1992, Annual Report analysis from Jonathan Chaytor and FT article.

Comments on institutional investors, non-executive directors and internal auditors.

60. Letter, dated 24 June 1992, from EA Bradman.

Comments on voluntary nature of the code, non-executive directors, the role of audit committees, directors' contracts and the independence of auditors.

61. Letter and comments, dated 30 June 1992, from Tim Knowles.

Comments on non-executive directors, financial reporting, auditing and institutional shareholders.

62. Letter, dated 1 July 1992, from AR Threadgold, POSTEL.

Comments on separation of roles of Chairman and Chief Executive, independent non-executive directors and directors service contracts and the independence of auditors.

63. Letter, dated 3 July 1992, from Dermot Glynn, NERA and presentation, dated June 1992.

Includes a paper on European accounting, audit independenc and regulation.

64. Letter, 5 July 1992, from AL Hempstead.

Comments on lack of audited accounts for a fund managed by the Nationwide Building Society.

65. Memo, dated 6 July 1992, and summary of audit trustee proposal by AJ Merret and Allen Sykes with comments by Price Waterhouse.

Suggests appointing an 'audit trustee' appointed by lenders and creditors rather than the board.

66. Letter, 7 July 1992, from RJ Alexander, London and Manchester Group plc.

Author suggests that an 'Appointed Accountant' with responsibility for preparing financial reports, should be employed.

67. Letter, 7 July 1992, and comments from TJ Grove.

Comments on appearing to be written with best interests of directors, and aspects of auditing.

68. Letter, 8 July 1992, from DEF Green.

Comments on independence of auditors, audit committees and non-executive directors.

69. Letter, 10 July 1992, from NC Kelleway, Rikard Keen & Co.

Comments on auditing, complying with a code of best practice, non-executive directors, internal control systems and going concern recommendations.

70. Letter, 10 July 1992, from CM Stuart.

Comments on non-executive directors roles, internal control systems, the role of auditors.

71. Letter, 13 July 1992, from Gerard Howe, Howe Associates.

Comments on distinctions between executive and non-executive directors, compliance with the code, separation of roles and board appointments, committees, directors remuneration, auditors and other services to organisations.

72. Letter, 13 July 1992, from Sir George Russell, Marley plc.

Comments on differentiation between executive and non-executive directors, access to independent advice, and communication with shareholders.

73. Letter, 14 July 1992, from JBH Jackson.

Comments from his perspective of 'professional chairman' and strongly in favour of unitary boards.

74. Letter, 16 July 1992, from Gary Allen, IMI plc.

Comments on responsibilities of directors and potential for two-tier boards, non-executive directors, access to independent advice and the role of the auditors.

75. Letter, 20 July 1992, from David Fifield.

Comments on ownership models, accountancy work, short-termism.