Internal control: the Turnbull guidance

Good internal controls should ensure that the company's management systems, accounting records, asset maintenance and compliance issues are operating correctly.  In relation to financial years begiinning  before 1 October 2014, this note details the board's responsibilities for internal control, the recommendations of the Turnbull guidance and practical steps for their implementation, the risks to be covered, establishing an effective internal control system and reviewing it, and reporting to shareholders.The FRC's  Internal Control: Guidance to Directors (known as the Turnbull guidance) is effective for financial years beginning before 1 October 2014.


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area
 

Login

Subscribers and trialists can login below

Contact Us

If you need assistance logging in or have any questions about our services, please contact us.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243632714", "objName" : "Internal control the Turnbull guidance", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/0-107-3873?source=relatedcontent", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-31f78c23:14a74386683:41e5", "analyticsSessionCookie" : "2-31f78c23:14a74386683:41e6", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }