File: AP/N

Scope and Content

Agenda papers include: a summary of comments from the technical committees of the APC's governing bodies on drafts of auditing guidelines concerning computer auditing, and further drafts of these guidelines; an APC report to the Consultative Committee of Accountancy Bodies [CCAB] Deputy Presidents' Committee; draft articles for True and Fair; drafts of a proposed auditing standard, entitled, 'The audit report on financial statements-properly prepared'; a memorandum on the Companies Act 1981 and audit reports; drafts of the auditing guideline, Financial information issued with audited financial statements; a draft of the auditing guideline, Engagement letters and a summary of comments from the technical committees of the APC's governing bodies; a CCAB memorandum on bribes, and correspondence regarding legal advice on the subject; an academic paper on fraud and irregularity commissioned by the Association of Certified Accountants [ACA] for the APC; a memorandum on negative assurance in audit reports; an International Auditing Practices Committee [IAPC] exposure draft, 'Using the work of an internal auditor'; a manuscript amended draft of an audit brief on the Companies Act 1981; a draft of the auditing guideline, Bank reports for audit purposes; a progress report from the APC International Sub-committee [Sub-committee 1]; a report from the True and Fair Sub-committee [Sub-committee 6-Audit Intelligence]; a draft of the auditing guideline, Amounts derived from the preceding financial statements; a draft of a guideline, 'Auditors' reports on banking and insurance companies and groups'; and drafts of the guideline, Prospectuses and the reporting accountant.

Other papers include: an annotated draft of the auditing guideline, Housing associations; drafts of the auditing guideline, Quality control; drafts of the auditing guideline, Reliance on other specialists; a report from Sub-committee 5 [Audit Implications of Accounting Standards and Company Law]; a draft of the auditing guideline, Events after the balance sheet date; drafts of the auditing guideline, Reliance on internal audit; a copy of the Home Office's proposals for legislation on data protection and a draft memorandum to the home office from the CCAB; a draft of the auditing guideline, The auditor's considerations in respect of going concern; a draft guideline on debenture trust deeds; correspondence between the CCAB and the Registry of Friendly Societies, and the Building Societies Association; and copies of the APC constitution. Issues mentioned in the APC minutes include: statistical sampling; accounting for acquisitions and mergers; special reports of accountants; a draft of the guideline, Trade unions and employer associations; an application by the Chartered Institute of Public Finance and Accountancy [CIPFA] to become a governing body of the APC; APC membership; and the APC work programme.