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The KPMG Review. Internal Control: A Practical Guide, 1999

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Summary

Despite speculation in the financial press that the final guidance on internal control would be essentially similar to April’s consultative document, the final guidance was significantly tightened by the removal of the option for a single annual review. This should act to discourage bureaucratic procedures that provide neither the depth nor quality of information provided by the now required regular review process. KPMG is particularly pleased to see that the final guidance reflects many of the recommendations made in their response to the consultative document.

Thumbnail image for Despite speculation in the financial press that the final guidance on internal control would be essentially similar to April’s consultative document, the final guidance was significantly tightened by the removal of the option for a single annual review. This should act to discourage bureaucratic procedures that provide neither the depth nor quality of information provided by the now required regular review process. KPMG is particularly pleased to see that the final guidance reflects many of the recommendations made in their response to the consultative document.
Issuer

United Kingdom

Year

1999

Region

Europe

Issuer (type)

KPMG (Industry)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Mining, Quarrying, Oil & Gas Extraction
  • Professional, Scientific, & Technical Services
  • Manufacturing
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 4: Quality Education
  • SDG 5: Gender Equality
  • SDG 6: Clean Water and Sanitation
  • SDG 14: Life Below Water

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