Ernst & Young

3 items, ordered by date.

1. Handwritten notes from meeting with Ernst & Young, no date

Judged to be written by Sir Adrian Cadbury at meeting with Ernst & Young. Notes on Caparo case, various aspects of auditing, internal control systems and illegal acts.

2. Letter, dated 7 August 1992, from Ernst & Young

Questions the likely effectiveness of parts of the Code including subjectivity of statement of compliance. Comments on non-executives and their role vs independent directors, unitary boards, audit committees, financial reporting and various aspects of auditing.

3. Fax, dated 19 August [1992], from Sir Adrian Cadbury to Nigel Peace, about wording of 5.34, clipped to letter from MJ Harding, Ernst & Young, dated 3 August 1994

Asks Nigel Peace’s opinion of alternative working for para 5.34. This may have been prompted by comments on the draft report from among others Ernst & Young as it is clipped to a letter saying they may have been wrong in their criticisms.