1994

26. Fax to Sir Adrian Cadbury from Gina [Cole], 3 November 1994.

Preliminary to the meeting of the Financial Reporting Council which will discuss a successor body to the CFACG.

27. Paper entitled 'Successor to the Cadbury Committee' FRC(94)49 and covering letter 15 November 1994.

The paper sets out possible terms of reference and the issues the successor body could address.

28. Letter, dated 25 November 1994, from Paul Rutteman and comment on by the Auditing Practices Board on draft about 'Internal control and financial reporting'

Comments on and seeks discussions with the Committee on the draft guidance on paragraph 4.5 of the Cadbury Code i.e. Reportable weakness and effectiveness of internal financial control systems.

29. Publication of the results of the ABI survey into compliance with the Code, CFACG(94)6.

The paper sets out the case for publication of the survey into compliance with the Code.

30. Companies with debt listings, 30 November 1994.

The paper seeks to establish whether clarification or exemption is required on Paragraph 3.1 statement of compliance about debt-listed companies.

31. Arlen plc CFACG(94) 9.

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.

32. Letter, dated 30 November 1994, from Martin Jones, Touche Ross to Mark Sheldon, Linklaters & Paines.

The letter opines that encouragement to to express opinions about the effectiveness of internal control would be premature.

33. Chairman's brief for the meeting on Wednesday 8(sic) December 1994, agenda for the meeting and minutes of the meeting held on Wednesday 7 December 1994.

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.

34. Sir Adrian Cadbury CFACG(94) 4th meeting 7 (or 8?)December 1994.

This is a file number and no individual papers are extant. It comprises several items.

35. Minutes of meeting 7/12 /94.

Issues raised include expressing an opinion on the effectiveness of internal control systems, successor body and its remit.

36. Foreword for [ICAEW?] Working Group on Internal Control and Financial Reporting and accompanying handwritten fax, 15 December 1994.

Foreword to the ICAEW's guidance on internal control and financial reporting which appeared in Accountancy, February 1995.

37. Correspondence about an item in the Independent on Sunday, referring to the Cadbury report.

The article should refer to draft proposals from the Working Group on Internal Control.