File: APC 12-69: 'Implications for auditors of the Financial Services Act 1986'

Scope and Content

Contains copies of the ballot draft of the proposed auditing guideline, The implications for auditors of the Financial Services Act 1986; correspondence with or concerning: the Financial Intermediaries, Managers and Brokers Regulatory Association [FIMBRA]; the Securities and Investments Board [SIB]; and the Investment Management Regulatory Organisation [IMRO] which relate to audit engagement letters for investment businesses amongst other things; ballot slips for the vote on the publication of the proposed guideline as an exposure draft, completed by APC members; drafts of a Consultative Committee of Accountancy Bodies [CCAB] press release on the proposed guideline; proofs of the guideline for publication in Accountancy and for general publication; an Institute of Chartered Accountants in England and Wales [ICAEW] press release, 'The Financial Services Act and affiliate status-no back-door entry to membership' dated February 1988; a letter from the Law Society and related material; material relating to consideration of the proposed guideline by the ICAEW's Technical Advisory Committee [TAC]; a copy of a letter from the ICAEW president to all sole practitioners and senior partners of accounting firms, concerning the audit of investment business; a draft of the proposed guideline, including the amendments made to it after the APC vote on its publication.

Access Information

Access conditions apply; parts of file closed to public inspection.