Turnbull Report

Turnbull Report

"Internal Control: Guidance for Directors on the Combined Code" (1999) also known as the "Turnbull Report" is a report drawn up with the London Stock Exchange for listed companies. The committee which wrote the report was chaired by Nigel Turnbull of The Rank Group plc. The report informs directors of their obligations under the Combined Code with regard to keeping good "internal controls" in their companies, or having good audits and checks to ensure the quality of financial reporting and catch any fraud before it becomes a problem. [p.4, "Introduction", para. 12.]

Revised guidance was issued in 2005.

ee also

* UK company law
* Corporate Governance
* Cadbury Report (1992), "Financial Aspects of Corporate Governance", on corporate governance generally. Pdf file [http://www.ecgi.org/codes/documents/cadbury.pdf here]
* Greenbury Report (1995) on director remuneration. Pdf [http://www.ecgi.org/codes/documents/greenbury.pdf here]
* Hampel Report (1998), review of corporate governance since Cadbury, pdf [http://www.ecgi.org/codes/documents/hampel.pdf here] and online with the EGCI [http://www.ecgi.org/codes/documents/hampel_index.htm here]
* Myners Report (2001), "Institutional Investment in the United Kingdom: A Review" on institutional investors, Pdf file [http://www.hm-treasury.gov.uk/media/1/6/31.pdf here] and "Review of Progress" Report [http://www.hm-treasury.gov.uk/media/4/3/myners_principles_web.pdf here]
* Higgs Report (2003) "Review of the role and effectiveness of non-executive directors". Pdf [http://www.berr.gov.uk/files/file23012.pdf here]
* Smith Report (2003) on auditors. Pdf [http://www.frc.org.uk/documents/pagemanager/frc/Smith%20Report%202005.pdf here]

Notes

External links

* Text of the revised [http://www.frc.org.uk/documents/pagemanager/frc/Revised%20Turnbull%20Guidance%20October%202005.pdf Turnbull Guidance 2005]
* The Financial Reporting Council's [http://www.frc.org.uk/corporate/internalcontrol.cfm website] for internal control

* [http://www.frc.org.uk/documents/pagemanager/frc/Combined%20Code%20June%202006.pdf Full text of the combined code 2006]
* [http://www.fsa.gov.uk/pubs/ukla/lr_comcode2003.pdf Full text of the combined code 2003]

* The Financial Services Authority Listing Rules [http://fsahandbook.info/FSA/html/handbook/LR online] and in [http://fsahandbook.info/FSA//handbook/LR.pdf pdf format] , under which there is an obligation to comply with the Combined Code, or explain why it is not complied with, under LR 9.8.6(6).


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Turnbull report — Guidance on internal controls published in September 1999 by the Institute of Chartered Accountants of England and Wales. This guidance provides assistance to directors of listed companies on implementing the internal control recommendations set… …   Law dictionary

  • Turnbull Report — A report (1999) providing a framework of risk management for UK companies. It was prepared by a working party of the Institute of Chartered Accountants in England and Wales and endorsed by the London Stock Exchange …   Accounting dictionary

  • Turnbull Report — A report (1999) providing a framework of risk management for UK companies. It was prepared by a working party of the Institute of Chartered Accountants in England and Wales and endorsed by the London Stock Exchange …   Big dictionary of business and management

  • Turnbull High School — Infobox Secondary school name =Turnbull High School native name = motto = Respice Finem Latin (Look to the end) established =1976 address = city =Bishopbriggs, Glasgow state = country =Scotland campus = St.Mary s Road type =Comprehensive school… …   Wikipedia

  • Tumbull Report — A British *corporate governance report of 1999. The report’s formal title was Internal Control Guidance to Directors on the Combined Code. The Tumbull Report was prepared by a committee chaired by Nigel Turnbull, and the report itself has come to …   Auditor's dictionary

  • Myners Report — Institutional Investment in the UK: A Review (the Myners Report) was a report to HM Treasury in March 2001 on institutional investors. It was delivered by Paul Myners. Government was concerned that institutional investors were giving insufficient …   Wikipedia

  • Greenbury Report — The Greenbury Report released in 1995 was a UK government report on corporate governance. It followed in the tradition of the Cadbury Report and addressed a growing concern about the level of director remuneration. The modern result of the report …   Wikipedia

  • Hampel Report — The Hampel Report (Committee on Corporate Governance) in 1998 was designed to be a revision of the corporate governance system in the UK. The remit of the committee was to review the Code laid down by the Cadbury Report (now found in the Combined …   Wikipedia

  • Smith Report — The Smith Report was a report on corporate governance submitted to the UK government in 2003. It was concerned with the independence of auditors in the wake of the collapse of Arthur Andersen and the Enron scandal in the US in 2002. Its… …   Wikipedia

  • Rutteman Report — A British *corporate governance report of 1994. The report’s formal title was Internal Control and Financial Reporting: Guidance for Directors of Listed Companies Registered in the UK. The Rutteman Report was prepared to give guidance on the… …   Auditor's dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”