| Cautionary note: This example has been developed for the sole purpose of illustrating what a narrative report on the effectiveness of internal control might look like following the concepts described in Section 2 of this Briefing Paper. As such reports could be presented in many ways, and will usually be tailored to reflect the requirements of the engaging party, it is not intended to be authoritative. Consequently, the example is not intended to provide a model of how such reports ought to be presented or to reflect the APB's views as to the ideal content of such reports. |
| 15 April 2001 |
| The Audit Committee |
| PQR Group Limited |
| Dear Sirs |
| Effectiveness of internal controls relating to the advertising revenues of PQR Limited |
| In accordance with the arrangements set out in our letter dated 3 March 2000, we are writing to summarise the outcome of our work in assessing the effectiveness of the internal controls relating to the advertising revenues of PQR Limited during the period 30 September 2000 to 28 February 2001. A separate report submitted to senior management contains a full description of the design of the system of internal control which, in the interests of brevity, has been excluded from this report. |
|
|
Licence and copyright | © 2018, LexisNexis Group a division of Reed Elsevier (UK) Ltd. All rights reserved. |