Confederation of European Paper Industries (CEPI)
|
|
- Valentine Bell
- 5 years ago
- Views:
Transcription
1 Dcument subtitle= Verdana Heading 12 0/0 single Cnfederatin f Eurpean Paper Industries (CEPI) Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, 2016 Envirnment Statistics and the mst imprtant figures summarized in the Key Statistics f the Cnfederatin f Eurpean Delitte Bedrijfsrevisren / Reviseurs d Entreprises
2 Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, 2016 Envirnment Statistics and the mst imprtant figures summarized in the Key Statistics f the Cnfederatin f Eurpean T the bard f directrs, We have been engaged by the Cnfederatin f Eurpean Paper Industries ( CEPI ) t issue a limited assurance statement n the data quality rating methd CEPI applies n a selectin f cre indicatrs published in the 2017 CEPI annual statistics reprt, 2016 Envirnment Statistics reprt and the Key Statistics Reprt, being a summarizing public reprt in which the mst relevant indicatrs are published. The cre indicatrs cvered by ur assurance statement and the detailed data quality rating made by CEPI can be retrieved in Appendix 1 and 2 t ur Assurance Statement. The data quality rating methd applied by CEPI is based n Prduct Ftprint Categry Rules (PFCR) fr paper, develped by the Eurpean Cmmissin s DG Envirnment (see Appendix 2 t ur Assurance Statement). Limitatins in ur scpe The scpe f ur assurance engagement as described abve des nt include an assessment f the selected indicatrs nr the reliability f the underlying data prvided t CEPI by the CEPI member assciatins, frm individual cmpanies r based n estimates prvided by paper industry cnsultants. Management s Respnsibility The management f CEPI is respnsible fr the preparatin f the indicatrs and their data quality assessment based n the infrmatin received directly frm the CEPI member assciatins, frm individual cmpanies r based n estimates prvided by paper industry cnsultants. The Auditr s Respnsibility As defined by the Internatinal Federatin f Accuntants ( IFAC ), ur review was designed t btain a limited level f assurance. Prcedures t btain limited level f assurance are less extensive in relatin t bth the risk assessment prcedures, including an understanding f internal cntrl, and the prcedures perfrmed in respnse t the assessed risks, than thse fr a reasnable level f assurance and therefre less assurance is prvided. Our respnsibility is, based n ur limited assurance review prcedures, t express an independent cnclusin n the data quality rating methd applied by CEPI. Our assurance reprt has been made in accrdance with the terms f ur engagement letter and the internatinal standard as defined in ISAE 3000 (Internatinal Standard fr Assurance Engagements, December 2003). With respect t independence rules, these are defined by the respective legal and regulatry texts as well as by the prfessinal cde f ethics, issued by the IFAC. Nature and scpe f ur engagement We planned and perfrmed the prcedures deemed necessary fr expressing a limited assurance n the fact that the data quality rating methd applied by CEPI is nt materially misstated. A limited assurance engagement prvides less assurance than an audit. We perfrmed the fllwing prcedures t supprt ur cnclusin: Obtaining an understanding f the data quality rating frmula and assessment f the suitability f the applied methdlgy by CEPI. CEPI cnsiders separately the Data Delivery Quality Rating (DDQR) t assess the quality f data delivery by the Natinal Assciatins twards CEPI, as well as the Data Quality Rating (DQR) t assess the quality f the statistical data itself. Bth rating methds have been explained in further detail in Appendix 2 t this Assurance Statement. Challenging the data quality rating made by CEPI at cnslidated level. Bth DDQR and DQR methds have been challenged thrughut ur prcedures. The DDQR ratings are based n fur criteria: 1
3 Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, Cmpleteness (C), has been checked by verifying if all the figures have been sent by the Natinal Assciatins and whether the apprpriate actin has been taken in case f a lack f figures frm a Natinal Assciatin. Time-related representativeness (TiR), has been checked by verifying if the received figures related t the apprpriate reprting year and if, in case f extraplatin, the crrect quality assumptin has been systematically perfrmed. Gegraphical representativeness (GR), has been checked by reviewing the weighing factr used fr the varius members accrding t the CEPI assumptin. Parameter uncertainty (P2), has been checked by verifying the cnslidatin f the figures sent by the Natinal Assciatins in the CEPI reprting and, in case f difference r assessment by CEPI, by checking the impact n the data delivery quality rating perfrmed by CEPI. The DQR ratings are based n the fllwing criteria as they are defined : Parameter uncertainty (P1), has been checked by verifying the cnslidatin f the figures sent by the Natinal Assciatins in the CEPI reprting and, in case f mdificatin by CEPI, by checking the impact n the data quality rating perfrmed by CEPI. Assessing the adequacy f the dcumentatin and "audit trail". Cnducting interviews with 4 selected CEPI Natinal Assciatins, mainly fr the purpse f assessing their Data Quality Rating Methd applied and verifying whether the CEPI methdlgy was prperly fllwed. Cnducting interviews with CEPI respnsible cmpany staff, mainly fr the purpse f assessing the understanding f the data quality rating methdlgy and assumptins made by CEPI. Cnclusin Based n ur limited review fr the cre indicatrs in scpe as detailed in Appendix 1, nthing has cme t ur attentin that causes us t believe that the data quality rating methd perfrmed by CEPI, based n the Eurpean methdlgy fr the calculatin f envirnmental ftprints f prducts, has nt been dne in line with the defined CEPI prcedures. Zaventem, 29 June The auditr, Delitte Bedrijfsrevisren/Reviseurs d Enterprises BV.v.v.e. CVBA / SC s.f.d. SCRL Represented by Pierre-Hugues Bnnefy Luchthaven Natinaal 1J, 1930 Zaventem, Belgium Appendix 1: Overview cre indicatrs in scpe with their DDQR and DQR rating Appendix 2: CEPI data quality rating methdlgy 2
4 Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, Appendix 1: Overview cre indicatrs in scpe with their DQR and DDQR rating DQR DDQR Industry Structure (2017) Number f cmpanies 2,0 Very Gd Quality 1,5 Very Gd Quality Number f pulp mills 1,0 Excellent Quality 1,3 Very Gd Quality Number f P&B mills 1,0 Excellent Quality 1,5 Very Gd Quality Number f paper machines 2,0 Very Gd Quality 2,3 Gd Quality Paper & bard capacity 3,0 Gd Quality 2,8 Gd Quality Pulp capacity 2,0 Very Gd Quality 2,3 Gd Quality Paper & bard prductin 1,0 Excellent Quality 1,0 Excellent Quality Market pulp prductin 1,0 Excellent Quality 1,5 Very Gd Quality Paper & bard cnsumptin 2,0 Very Gd Quality 1,8 Very Gd Quality Pulp cnsumptin 1,0 Excellent Quality 1,0 Excellent Quality Paper & bard exprts 2,0 Very Gd Quality 1,5 Very Gd Quality Pulp exprts 1,0 Excellent Quality 1,0 Excellent Quality Paper & bard imprts 2,0 Very Gd Quality 1,5 Very Gd Quality Pulp imprts 2,0 Very Gd Quality 1,3 Very Gd Quality Emplyment 3,0 Gd Quality 2,5 Gd Quality Turnver 3,0 Gd Quality 3,5 Fair Quality Raw Materials (2017) Wd cnsumptin 1,0 Excellent Quality 1,5 Very Gd Quality Cllectin f Paper fr Recycling 3,0 Gd Quality 1,5 Very Gd Quality Utilisatin f Paper fr Recycling 1,0 Excellent Quality 1,0 Excellent Quality Utilisatin f Paper fr Recycling by sectr 2,0 Very Gd Quality 1,5 Very Gd Quality Exprts f Paper fr Recycling 3,0 Gd Quality 1,5 Very Gd Quality Imprts f Paper fr Recycling 3,0 Gd Quality 1,5 Very Gd Quality Nn-fibrus materials cnsumptin 3,0 Gd Quality 3,0 Gd Quality Envirnmental data (2016) Fuels cnsumptin 1,0 Excellent Quality 1,3 Very Gd Quality Electricity cnsumptin 2,0 Very Gd Quality 1,8 Very Gd Quality Electricity prductin frm CHP 3,0 Gd Quality 2,8 Gd Quality Bimass Utilisatin 1,0 Excellent Quality 1,3 Very Gd Quality SO2 Emissins 4,0 Fair Quality 2,0 Very Gd Quality NOx Emissins 2,0 Very Gd Quality 1,5 Very Gd Quality Water intake 2,0 Very Gd Quality 1,5 Very Gd Quality COD Emissins 2,0 Very Gd Quality 1,5 Very Gd Quality AOX Emissins 2,0 Very Gd Quality 1,8 Very Gd Quality Residues Landfilled 3,0 Gd Quality 2,3 Gd Quality EMS certificatin 1,0 Excellent Quality 2,0 Very Gd Quality Scial data (2016) Accidents 1,0 Excellent Quality 1,0 Excellent Quality DQR = Data Quality Rating DDQR = Data Delivery Quality Rating 3
5 Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, Appendix 2: CEPI data quality rating methdlgy The Eurpean methdlgy fr the calculatin f envirnmental ftprints f prducts has been altered t be used as a quality assessment tl n a larger variety f indicatrs than nly envirnmental ftprint indicatrs. CEPI has decided t remve the fllwing tw parameters: (i) Technlgical representativeness and (ii) the Methdlgical apprpriateness and t split the data quality rating methdlgy in 1) Data Deliver Quality (DDQR: assessment f the quality f data delivery by the Natinal Assciatins twards CEPI) and 2) Data Quality Rating (DQR: assessment f the quality f the statistical data published twards stakehlders). CEPI data delivery quality rating frmula: GR + TiR + C + P2 DDQR = 4 C - Cmpleteness The cmpleteness is calculated as fllws: figures that have nt been received by the Natinal Assciatins are deleted frm the ttal t btain a ttal B. The percentage f this ttal B cmpared t the ttal is cnsidered: 90% =1 80% and < 90% = 2 70% and < 80% = 3 50% and < 70% = 4 TiR - Time related representativeness Annual figures reprted t CEPI by the Natinal Assciatins are ne year ld. When a figure is estimated by CEPI r the Natinal Assciatin, the age f the basis year fr estimatin is cnsidered (2 years, 3 years, etc...). A ttal B is calculated by multiplying fr each cuntry the data figure received with the "year number". The rati between ttal B and ttal is cnsidered: 1 =1 2 and > 1 = 2 3 and > 2 = 3 4 and > 3 = 4 > 4 = 5 GR - Gegraphical representativeness The gegraphical representativeness is calculated as fllws: gegraphical representativeness is cnsidering paper & bard prductin + market pulp prductin fr each cuntry. Paper & bard prductin + market pulp prductin f cuntries withut any figure received is deleted frm the ttal t btain a ttal B. The percentage f this ttal B cmpared t the ttal is cnsidered: 95% =1 85% and < 95% = 2 75% and < 85% = 3 50% and < 75% = 4 4
6 Auditr s reprt n the limited review perfrmed n a selectin f cre indicatrs published in the dcument 2017 Annual Statistics, P2 - Parameter uncertainty Thrugh a survey, the Natinal Assciatins have prvided CEPI with a "reliability factr" fr each cre data: (1) high - (2) satisfactry - (3) can be further imprved - (4) lw (5) n data received, indicating the quality f data reprted by the Prducers t the Natinal Assciatins. Figures t be estimated r verruled by CEPI are given factr (5) by default. A ttal B is calculated by multiplying fr each cuntry the data figure received with a specific percentage fr each factr: (1) = 100% - (2) = 75% - (3) = 50% (4) = 25% and (5) = 10%. The percentage f this ttal B cmpared t the ttal is cnsidered: 90% =1 80% and < 90% = 2 70% and < 80% = 3 50% and < 70% = 4 CEPI data quality rating frmula: DQR = P1 P1 Parameter uncertainty Thrugh a survey, the Natinal Assciatins have prvided CEPI with a "reliability factr" fr each cre data: (1) high - (2) satisfactry - (3) can be further imprved - (4) lw, indicating the quality f data reprted by the Prducers t the Natinal Assciatins. T ensure the 'P1' parameter is used here t measure Data Quality twards stakehlders, in case CEPI decided t estimate itself r verrule the figure received frm the Natinal Assciatins t make it mre qualitative, CEPI makes itself an assessment f a "reliability factr" fr the data they enter: (1) high - (2) satisfactry - (3) can be further imprved - (4) lw. Scres (1) - (4) shuld be attributed based n the reliability f the surce. Crrespnding guidance has been drawn up: (1) Nt pssible in case CEPI needs t cmplete r estimate the data itself based n alternative surces. (2) The data has nt been estimated by CEPI itself but has been fund thrugh thers surces (Cmpanies data, Eurstat, RISI mill database) and refers t the current year. (3) The data has been estimated by CEPI based n data received frm the Natinal Assciatins relating t the last 3 years OR based n relevant data fund thrugh ther surces n the previus year, AND takes int accunt the trends in prductin and ther KPls within the cuntry. (4) The data has been estimated by CEPI based n data received frm the Natinal Assciatins which is lder than relating t the last 3 years OR based n relevant data fund thrugh ther surces which is lder than the previus year OR the data f previus year(s) received frm the Natinal Assciatins has just been re-used withut investigating trends in prductin and ther KPls OR any ther estimatin r data has been used. A ttal B is calculated by multiplying fr each cuntry the data figure received with a specific percentage fr each factr: (1) = 100% - (2) = 75% - (3) = 50% and (4) = 25% The percentage f this ttal B cmpared t the ttal is cnsidered: 90% =1 80% and < 90% = 2 70% and < 80% = 3 50% and < 70% = 4 In this apprach 'P1' is used differently than 'P2' fr Data Deliver Quality. It prvides a real indicatin f the quality f data reprted twards stakehlders and takes int accunt partly time-related representativeness (TiR) (scre depends partly n recentness f data) and gegraphical representativeness (GR) (scre per cuntry is multiplied with the data figure replied by the cuntry). 5
We have carried out the following assurance activities:
Independent Assurance Reprt T the Bard f Directrs and Management f Trnt-Dminin Bank (the Bank ) Our respnsibilities Our limited assurance engagement has been planned and perfrmed in accrdance with the
More informationLimited Assurance Audit Report on the Data Quality Rating Method used by the Confederation of European Paper Industries on a selection of indicators
Limited Assurance Audit Report on the Data Quality Rating Method used by the Confederation of European Paper Industries on a selection of indicators We have been engaged by the Confederation of European
More information1 st Floor, Building 32 The Woodlands Office Park Woodlands Drive, Woodmead 2148, Johannesburg, South Africa
ERM 1 st Flr, Building 32 The Wdlands Office Park Wdlands Drive, Wdmead 2148, Jhannesburg, Suth Africa Tel: +27 11 798 4300 Fax: +27 11 804 2289 www.erm.cm Independent Assurance Statement T Tngaat Hulett
More informationAudit and Risk Management Committee Charter
Audit and Risk Management Cmmittee Charter Pivtal Systems Crpratin ("Cmpany") 1. Objectives The Audit and Risk Management Cmmittee (Cmmittee) has been established by the bard f directrs (Bard) f the Cmpany.
More informationTERMS OF REFERENCE FOR THE PROVISION OF OUTSOURCED INTERNAL AUDIT SERVICE
W&RSETA Standard Bidding Dcuments Terms f Reference TERMS OF REFERENCE FOR THE PROVISION OF OUTSOURCED INTERNAL AUDIT SERVICE 1 W&RSETA Standard Bidding Dcuments Terms f Reference 1. BACKGROUND TO W&RSETA
More informationChapter 1. Introduction and Overview of Audit & Assurance
Assurance & Auditing Textbk Ntes Chapter 1 Intrductin and Overview f Audit & Assurance Audit prcess in Fcus 1.1 Auditing & Assurance Defined - An assurance is an engagement where an auditr r cnsultant
More informationEXECUTIVE SUMMARY INTERNAL AUDIT REPORT. IOM Kingston JM JULY 2017
EXECUTIVE SUMMARY INTERNAL AUDIT REPORT IOM Kingstn JM201701 17-21 JULY 2017 Issued by the Office f the Inspectr General Page 1 f 9 Reprt n the Audit f IOM Kingstn Executive Summary Audit File N. JM201701
More informationAudit Committee Charter. St Andrew s Insurance (Australia) Pty Ltd St Andrew s Life Insurance Pty Ltd St Andrew s Australia Services Pty Ltd
Audit Cmmittee Charter St Andrew s Insurance (Australia) Pty Ltd St Andrew s Life Insurance Pty Ltd St Andrew s Australia Services Pty Ltd Versin 3.0, 19 February 2018 Apprver Bard f Directrs St Andrew
More informationInternational Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements
AT A GLANCE September 2012 Internatinal Standard n Review Engagements (ISRE) 2400 (Revised), Engagements t Review Histrical Financial Statements This summary prvides an verview f ISRE 2400 (Revised), Engagements
More informationPractice Review and Internal Audit Plan
Office f the Auditr General f Canada Practice Review and Internal Audit Plan Lng-term audit plan, fiscal years 2009 10 t 2011 12 June 2009 Table f Cntents 1 Executive Summary 3 2 Intrductin 5 3 External
More informationAUDIT & RISK COMMITTEE CHARTER
AUDIT & RISK COMMITTEE CHARTER Rle and Respnsibilities The Bard f The Institute f Internal Auditrs Australia (IIA-Australia) has established a Bard Audit & Risk Cmmittee as part f its respnsibilities in
More informationAudit & Risk Committee Charter
Audit & Risk Cmmittee Charter AUDIT & RISK COMMITTEE CHARTER The Audit & Risk Cmmittee has been established by reslutin f the Bard f Macmahn Hldings Limited ( Macmahn r the Cmpany ). Membership The Audit
More informationThe agreement consists of three key elements: a framework agreement, Action Plans for different subsectors or branches and accession documents.
Title f the measure: FIN15 Energy Efficiency Agreement fr the Private Services Sectr General descriptin The Energy Efficiency Agreement fr Industries is part f the Finnish energy efficiency agreement scheme
More informationJune Dear Chairman Cuttita and Members of the Board of Fire Commissioners:
THOMAS P. DiNAPOLI COMPTROLLER STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER 110 STATE STREET ALBANY, NEW YORK 12236 GABRIEL F. DEYO DEPUTY COMPTROLLER DIVISION OF LOCAL GOVERNMENT AND SCHOOL ACCOUNTABILITY
More informationInternational Standard on Auditing (Ireland) 265. Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
Internatinal Standard n Auditing (Ireland) 265 Cmmunicating Deficiencies in Internal Cntrl t Thse Charged with Gvernance and Management MISSION T cntribute t Ireland having a strng regulatry envirnment
More informationComment Letter on Exposure Draft Reporting on Audited Financial Statements: Proposed New and Revised International Standards on Auditing (ISAs)
Verband der Industrie- und Dienstleistungsknzerne in der Schweiz Fédératin des grupes industriels et de services en Suisse Federatin f Industrial and Service Grups in Switzerland 22 Nvember 2013 Internatinal
More informationSRI LANKA AUDITING STANDARD 580 WRITTEN REPRESENTATIONS CONTENTS
SRI LANKA AUDITING STANDARD 580 WRITTEN REPRESENTATIONS (Effective fr audits f financial statements fr perids beginning n r after 01 January 2014) CONTENTS Paragraph Intrductin Scpe f this SLAuS... 1-2
More informationensuring staff are aware of the Principles they must follow when handling personal data ensuring appropriate controls are in place and are effective
Swan Husing Assciatin Jb Descriptin Jb Title: Sectin: Reprts t: Direct Reprts: Head f Business Intelligence Business Intelligence Unit Executive Directr f IT & Private Sectr Services Innvatin Manager Applicatin
More informationPRESS RELEASE. The Hellenic Statistical Authority (ELSTAT) announces the Gross Domestic Product (GDP) for the 4 th quarter of 2017 (provisional data).
HELLENIC REPUBLIC HELLENIC STATISTICAL AUTHORITY Piraeus, March 5, 2018 PRESS RELEASE QUARTERLY NATIONAL ACCOUNTS 4 th Quarter 2017/4 th Quarter 2016: +1.9 (Prvisinal data, seasnally adjusted in vlume
More informationWritten Representations
SINGAPORE STANDARD ON AUDITING SSA 580 Written Representatins This revised and redrafted SSA 580 supersedes SSA 580 Management Representatins in August 2008. Auditrs are required t cmply with the auditing
More informationNATCHITOCHES HISTORIC DISTRICT DEVELOPMENT COMMISSION STATE OF LOUISIANA
NATCHITOCHES HISTORIC DISTRICT DEVELOPMENT COMMISSION STATE OF LOUISIANA Independent Accuntants* Reprt n Applying Agreed-Upn Prcedures June 30, 2013 GRIFFIN & COAAPANY, LLC CERTIFIED PUBLIC ACCOUNTANTS
More informationNova Scotia Power Integrated Resource Plan Terms of Reference
Nva Sctia Pwer Integrated Resurce Plan - 2014 Terms f Reference Objective T develp a lng-term Preferred Resurce Plan that establishes the directin fr NS Pwer t meet custmer demand and energy requirements,
More informationGuidelines and Recommendations Guidelines on periodic information to be submitted to ESMA by Credit Rating Agencies
Guidelines and Recmmendatins Guidelines n peridic infrmatin t be submitted t ESMA by Credit Rating Agencies 23 June 2015 ESMA/2015/609 Table f Cntents 1 Scpe... 3 2 Definitins... 3 3 Purpse f Guidelines...
More informationDocumentation / Other important Standards with SME perspective
Dcumentatin / Other imprtant Standards with SME perspective SME - Definitin f MSMEs in India (As Per Micr, Small & Medium Enterprises Develpment (MSMED) Act, 2006) Manufacturing Enterprises Investment
More informationAUDIT, RISK MANAGEMENT AND COMPLIANCE COMMITTEE CHARTER
AUDIT, RISK MANAGEMENT AND COMPLIANCE COMMITTEE CHARTER August 2012 OPUS Grup Limited Audit, Risk Management and Cmpliance Cmmittee 1. GENERAL PURPOSE The primary bjective f the Audit, Risk Management
More informationTASSAL GROUP LIMITED ABN Procedures for the Oversight and Management of Material Business Risks. (Approved by the Board 28 May 2015)
Prcedures fr the Oversight and Management f Material Business Risks TASSAL GROUP LIMITED ABN 15 106 067 270 Prcedures fr the Oversight and Management f Material Business Risks (Apprved by the Bard 28 May
More informationAre you ready for the FUTURE of your Quality Management system?
1 Are yu ready fr the FUTURE f yur Quality Management system? BACKGROUND Quality Management System standard, ISO 9001 has made sme majr changes released in September 2015. Organizatins are studying and
More informationANNEX III FINANCIAL AND CONTRACTUAL RULES I. RULES APPLICABLE TO BUDGET CATEGORIES BASED ON UNIT CONTRIBUTIONS
2016_KA2_ Annex 3_EB.dcx ANNEX III FINANCIAL AND CONTRACTUAL RULES I. RULES APPLICABLE TO BUDGET CATEGORIES BASED ON UNIT CONTRIBUTIONS I.1 Cnditins fr eligibility f unit cntributins Where the grant takes
More informationTOPIC 12: PART 1 WAYS OF GATHERING AUDIT EVIDENCE
TOPIC 12: PART 1 WAYS OF GATHERING AUDIT EVIDENCE ISA 500 is the relevant auditing standard fr audit evidence. 7 basic ways fr the auditr t gather audit evidence thrughut the audit prcess: 1. Observatin
More informationWindham School District Procurement Policy for Federal Funds
1 f 5 Windham Schl District Prcurement Plicy fr Federal Funds DJB-FED The fllwing Prcurement Plicies shall apply t all Cntracts fr and Purchases f gds and services. All prcurements made with Federal funds
More informationInternational Standard on Auditing (UK) 265
Standard Audit and Assurance Financial Reprting Cuncil June 2016 Internatinal Standard n Auditing (UK) 265 Cmmunicating Defi ciencies in Internal Cntrl t Thse Charged With Gvernance and Management The
More informationINDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES
^001 GRIFFIN & COMPANY, LLC CERTIFIED PUBLIC ACCOUNTANTS Stephen M. Griffin, CPA Rbert J. Furman, CPA INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES T the Bard Members Atchafalaya Basin
More informationMiFID Supervisory Briefing Appropriateness and execution-only
MiFID Supervisry Briefing Apprpriateness and executin-nly 19 December 2012 ESMA/2012/851 Date: 19 December 2012 ESMA/2012/851 I. Backgrund 1. ESMA is required t play an active rle in building a cmmn supervisry
More informationThe Committee is specifically charged with the following duties and responsibilities:
CORPORATE GOVERNANCE POLICY AND PROCEDURES MANUAL AUDIT AND RISK COMMITTEE CHARTER The Bard has reslved t establish a Cmmittee f the Bard t be knwn as the Audit and Risk Cmmittee. This Cmmittee will replace
More informationApproval Process and Arrangements for University Consultancy Work
Apprval Prcess and Arrangements fr University Cnsultancy Wrk 1 Intrductin Cnsultancy activities can be separated int tw types: thse undertaken in City s name (University cnsultancy) and thse undertaken
More informationFinal Audit Follow Up
Final Audit Fllw Up As f September 30, 2005 Sam M. McCall, CPA, CIA, CGFM, CGAP City Auditr Parks and Recreatin Aquatics Divisin Revenue Cntrls (Reprt #0526, Issued July 7, 2005) Reprt #0608 February 1,
More informationCanadian Embassy and Canada Spain Chamber of Commerce Encounter. Economic Agreement between the EU and Canada
Canadian Embassy and Canada Spain Chamber f Cmmerce Encunter INTRODUCTION Ecnmic Agreement between the EU and Canada 11 March 2009 I shuld like t thank the Chamber f Cmmerce and the Embassy fr the invitatin
More informationFORM 2. INDEPENDENT REGULATORY BOARD FOR AUDITORS (Established under Section 3 of Act 26 of 2005)
FORM 2 INDEPENDENT REGULATORY BOARD FOR AUDITORS (Established under Sectin 3 f Act 26 f 2005) APPLICATION BY A FIRM FOR ADMISSION TO THE REGISTER OF AUDITORS (Fr applicatin in terms f Sectin 38(2)) and
More informationINDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES
d^^ GRIFFIN & COMPANY, LLC CERTIFIED PUBLIC ACCOUNTANTS Stephen M. Griffin, CPA Rbert J. Furman, CPA INDEPENDENT ACCOUNTANTS' REPORT ON APPLYING AGREED-UPON PROCEDURES T the Bard Members Luisiana State
More informationESG Policy Naxicap Partners Partners Last updated: 7 September, 2018
ESG POLICY ESG Plicy Naxicap Partners Partners Last updated: 7 September, 2018 A. Purpse The purpse f this plicy is t define Naxicap Partners Partners (hereby Naxicap Partners) apprach t integrating the
More informationAudit Committee Charter
Audit Cmmittee Charter I. Purpse f Audit Cmmittee The purpse f the Audit Cmmittee, which is part f the Bard, shall be (a) t assist the Bard s versight f (i) the integrity f the Cmpany s financial statements,
More informationUsing the Work of an Auditor s Expert
SINGAPORE STANDARD ON AUDITING SSA 620 Using the Wrk f an Auditr s Expert This SSA 620 supersedes SSA 620 Using the Wrk f an Expert in September 2009. Auditrs are required t cmply with the auditing standards
More informationMIFID Policy Client classification
MIFID Plicy Client classificatin Page 1 f 8 Cntents 1. Intrductin... 3 2. Purpse... 3 3. Client Classificatin... 5 a) Eligible cunterparties... 5 b) Prfessinal clients... 6 c) Retail clients... 8 d) Classificatin
More informationInstructions for 2016 CVA risk monitoring exercise
21 June 2017 Instructins fr 2016 CVA risk mnitring exercise Cntents 1. Intrductin 3 2. General 5 2.1 Scpe f institutins participating in the exercise 5 2.2 Reprting date 5 2.3 Filling in the data 5 2.4
More informationNo. 78/2000. Thailand s International Investment Position and Revision of External Debts
N. 78/2000 Thailand s Internatinal Investment Psitin and Revisin f External Debts Fllwing the Bank f Thailand's press release dated Friday, 23 June 2000 that the Bank f Thailand is making imprvements in
More informationUsing the Work of an Auditor s Expert
HKSA 620 Issued July 2009; revised July 2010 Effective fr audits f financial statements fr perids beginning n r after 15 December 2009 Hng Kng Standard n Auditing 620 Using the Wrk f an Auditr s Expert
More informationInformation Document Energy and Ancillary Services Offsets for Assets ID #[xxxx-xx]
Infrmatin Dcument Energy and Ancillary Services Offsets fr Assets Infrmatin Dcuments are nt authritative. Infrmatin Dcuments are fr infrmatin purpses nly and are intended t prvide guidance. In the event
More informationEXECUTIVE SUMMARY INTERNAL AUDIT REPORT. IOM Mogadishu SO November 7 December 2018
EXECUTIVE SUMMARY INTERNAL AUDIT REPORT IOM Mgadishu SO201701 27 Nvember 7 December 2018 Issued by the Office f the Inspectr General Page 1 f 12 Reprt n the Audit f IOM Mgadishu Executive Summary Audit
More informationBoard Committee Charters
Charter Released by the Bard f Directrs f Snva Hlding AG n June 17, 2014. Audit Cmmittee ( AC ) Charter Art. 1: Purpse The Audit Cmmittee ( AC ) reviews n behalf f the Bard the wrk and effectiveness f
More informationStrategic Plan Request for Proposals. March 2018
Strategic Plan 2018-2022 Request fr Prpsals March 2018 Cntact: Denyse Newtn, Executive Directr Alzheimer Sciety Durham Regin 202 1600 Champlain Avenue Whitby, Ontari L1N 9B2 (905) 576-2567 ext 5223 dnewtn@alzheimerdurham.cm
More informationAUDIT and ASSURANCE COMMITTEE TERMS OF REFERENCE
AUDIT and ASSURANCE COMMITTEE TERMS OF REFERENCE P U R P O S E The Cmmittee is an perating Cmmittee f the Grup Bard and is charged with the respnsibility f gaining assurance fr the Grup Bard that the rganisatin
More informationWritten Representations
HKSA 580 Issued July 2009; revised July 2010, June 2014, August 2015, January 2016, August 2016, June 2017 Effective fr audits f financial statements fr perids beginning n r after 15 December 2009 Hng
More informationTHE CLOROX COMPANY AUDIT COMMITTEE CHARTER. [Effective May 8, 2017]
THE CLOROX COMPANY AUDIT COMMITTEE CHARTER [Effective May 8, 2017] PURPOSE AND AUTHORITY The Audit Cmmittee ( Cmmittee ) is established by the Bard f Directrs ( Bard ) fr the purpses f: 1. Representing
More informationNATIONAL ENERGY REGULATOR
In the matter regarding NATIONAL ENERGY REGULATOR DETERMINATION OF THE MUNICIPAL TARIFF GUIDELINE FOR THE FINANCIAL YEAR 2015/16 AND THE REVISION OF MUNICIPAL TARIFF BENCHMARKS DECISION On 27 January 2015
More informationInformation on capital adequacy. of Bank Polska Kasa Opieki S.A. Group. as at 31 December 2008
Infrmatin n capital adequacy f Bank Plska Kasa Opieki S.A. Grup Warsaw. May 2009 The scpe and principles f publishing infrmatin specified in Reslutin N. 6/2007 f the Cmmissin fr Banking Supervisin (KNB)
More informationCity of Turlock Fiscal Impact Analysis Tool User Manual
City f Turlck Fiscal Impact Analysis Tl User Manual CONTENTS INTRODUCTION TO FISCAL IMPACT ANALYSIS (FIA) TOOL... 1 1. Purpse f the FIA Tl... 1 2. General Assumptins... 1 3. Cmpnents... 2 STEP 1 DEFINE
More informationInternal Control Requirements for Adopting New Accounting Standards
Internal Cntrl Requirements fr Adpting New Accunting Standards Backgrund In previus articles, BKD discussed the U.S. Securities and Exchange Cmmissin s (SEC) expectatins regarding the requirement t disclse
More informationA. Accept only those clients whose identity is established by conducting due diligence appropriate to the risk profile of the client.
Custmer Acceptance Plicy (CAP) A. Accept nly thse clients whse identity is established by cnducting due diligence apprpriate t the risk prfile f the client. B. Where the investr is a new investr, accunt
More informationMiFID Supervisory Briefing Suitability
MiFID Supervisry Briefing Suitability 19 December 2012 ESMA/2012/850 Date: 19 December 2012 ESMA/2012/850 I. Backgrund 1. ESMA is required t play an active rle in building a cmmn supervisry culture by
More informationQuick Reference Guide
Quick Reference Guide Accunting Standard Update 2016-01 "Financial Instruments Overall: Recgnitin and Measurement f Financial Assets and Financial Liabilities" Why d I need this Quick Reference Guide?
More informationCanadian Association for the Study of the Liver Endorsement Policy
Canadian Assciatin fr the Study f the Liver Endrsement Plicy 1. Purpse: The purpse f this CASL plicy is t define the criteria and the prcess that will be fllwed fr requests frm utside rganizatins, agencies,
More informationNational Australia Bank Limited GROUP ENVIRONMENTAL REPORTING AND OFFSET MANAGEMENT POLICY
Natinal Australia Bank Limited GROUP ENVIRONMENTAL REPORTING AND OFFSET MANAGEMENT POLICY Administratin Infrmatin Schedule Last review date June 2016 Next review date June 2018 Dcument Owner General Manager,
More informationForest Stewardship Council
FSC ANNUAL ADMINISTRATION FEE POLICY Title: ANNUAL ADMINISTRATION FEE POLICY (AAF) 2011 FSC reference cde: FSC-POL-20-005 V1-0 Type f dcument: FSC Plicy Status f dcument: Final Date: 26 July 2010 Deadline
More informationExternal auditor appointment and independence
External auditr appintment and independence External auditr appintment and independence Page 1 f 5 Cntents 1 Purpse... 3 2 Cverage / Scpe... 3 3 Values & Cmmitments... 3 4 Plicy... 3 4.1 Selectin and appintment
More informationRequest for Proposal. Video Production and Design Services Assignment
Abut EDAMA: EDAMA is a Jrdanian business assciatin which aims t create and fster mature Energy, Water and Envirnment sectrs that advance Jrdan's mvement twards a green ecnmy. T establish Jrdan s energy
More informationSound Management of Electronic Wastes in North America Operating Year(s):
2011 2012 Operatinal Plan Prject Descriptin Sund Management f Electrnic Wastes in Nrth America Operating Year(s): 2011 2012 Planned Budget: C$400,000.00 2011: C$165,000.00 2012: C$235,000.00 Strategic
More informationRisk Assessment Guide. Money Laundering and Terrorist Financing. November 24, Vassilios Sparakis. Head of
Risk Assessment Guide Mney Laundering and Terrrist Financing Nvember 24, 2014 Vassilis Sparakis Head f Special Unit fr the Preventin f Mney Laundering I. INTRODUCTION Organized crime and terrrism are glbal
More informationISA 580, Written Representations
Internatinal Auditing and Assurance Standards Bard Expsure Draft December 2006 Cmments are requested by April 30, 2007 Prpsed Revised and Redrafted Internatinal Standard n Auditing ISA 580, Written Representatins
More informationFramework for interim reporting
Framewrk fr interim reprting Prpsal by GAML Secretariat Glbal Alliance fr Mnitring Learning Furth meeting 28-29 Nvember 2017 Madrid, Spain GAML4/18 Headline 1 Overview 2 GAML4/18 Framewrk fr interim reprting
More informationHuntington Bancshares Incorporated
Audit Cmmittee Apprved By: Bard f Directrs Huntingtn Bancshares Incrprated Apprval Date 1 f 6 Purpse f Cmmittee The Audit Cmmittee (Cmmittee) is established by the Bard f Directrs (Bard) t assist the Bard
More informationPERFORMANCE INDICATORS REVIEW TASK FORCE REVIEW OF MICHIGAN COMMUNITY COLLEGE ASSOCIATION PROPOSAL
Intrductin PERFORMANCE INDICATORS REVIEW TASK FORCE REVIEW OF MICHIGAN COMMUNITY COLLEGE ASSOCIATION PROPOSAL The fllwing infrmatin prvides a cmparisn between the current cmmunity cllege funding frmula
More informationSelect Auditing Considerations for the 2013 Audit Cycle
Select Auditing Cnsideratins fr the 2013 Audit Cycle This Alert is intended t remind member firms f certain auditing cnsideratins that may be relevant fr the 2013 audit cycle. The Alert identifies and
More informationSection 4: Nominating Committee. Approved: 07/24/17. Policy
Sectin 4: Nminating Cmmittee Apprved: 07/24/17 Plicy The Nminating Cmmittee will nminate in accrdance with Bylaws Sectin IX a slate f fficers fr the Executive Cuncil, specifically fr the psitins f President,
More informationHEIDRICK & STRUGGLES INTERNATIONAL, INC. Corporate Governance Guidelines
HEIDRICK & STRUGGLES INTERNATIONAL, INC. Crprate Gvernance Guidelines The Heidrick & Struggles Internatinal, Inc. (The Cmpany ) Bard f Directrs (the Bard ) and management believe that the Cmpany, in the
More informationRisk Management Policy
Risk Management Plicy 1. Purpse The purpse f this plicy is t prvide clear guidelines fr the management f risk. Risk is defined as the effect f uncertainty n bjectives. 1 Risk Management is the discipline
More informationFINANCE & AUDIT COMMITTEE
FINANCE & AUDIT COMMITTEE Page 1 f 8 CHARTER f the Finance & Audit Cmmittee f the Bard Of Directrs f Spectral Medical Inc. Purpse The primary functin f the Finance & Audit Cmmittee (the Cmmittee ) f the
More informationGoodWeave International Assurance Public System Report
GdWeave Internatinal Assurance Public System Reprt March 2017 Cntents 1. Assurance System Structure... 1 2. Persnnel Cmpetence... 2 3. Assessment... 2 4. Oversight... 3 5. On-ging Scrutiny... 4 Referenced
More informationARIZONA FIRE DISTRICT ASSOCIATION FINANCIAL PROCEDURES POLICY
FINANCIAL PROCEDURES POLICY 1. PURPOSE The purpse f these Financial Prcedures is t prvide cnsistent applicatin f cnduct and prper internal cntrls t safeguard the assets f the Arizna Fire District Assciatin
More informationAMENDMENTS TO NASDAQ RULES ON COMPENSATION COMMITTEES
March 2013 AMENDMENTS TO NASDAQ RULES ON COMPENSATION COMMITTEES Summary. The Securities and Exchange Cmmissin recently apprved the fllwing amendments t the NASDAQ listing rules relating t cmpensatin cmmittees:
More informationBy Beth A. Schneider and Kristen Sullivan, Deloitte & Touche LLP
March 27, 2014 Vlume 21, Issue 7 Heads Up In This Issue: Intrductin Backgrund n the SEC Cnflict Minerals Rule Reprting Under the SEC Cnflict Minerals Rule General Instructins Scenari-Specific Disclsure
More informationREFERENCE NUMBER: PFS.PDS.115. TITLE: Patient Billing and Collections CURRENT EFFECTIVE DATE: 01/01/2018. PAGE 1 of 8 SCOPE:
PAGE 1 f 8 SCOPE: This Patient Billing and Cllectins Plicy applies t all Presbyterian Healthcare Services (Presbyterian) hspital facilities, including inpatient, utpatient, hme health care services and
More informationWork Instruction. for Change Management. Work Instruction Administrator John Doe Chief Corporeal Officer ACME
Wrk Instructin fr Change Management Wrk Instructin Administratr Jhn De Chief Crpreal Officer Wrk Instructin Authr Benjamin M.A. Rbsn Directr f Operatins IPSec Pty Ltd Date f Last Update 3/05/2011 12 Mrtuary
More informationPSNC Briefing on the NHS Complaints procedure (from 1 April 2009)
PSNC Briefing n the NHS Cmplaints prcedure (frm 1 April 2009) Under the prvisins f the Natinal Health Service (Pharmaceutical Services) Regulatins 2005 1 pharmacy cntractrs are required t make arrangements
More informationManual for filling the A01 statement- Statistical data on foreign UCITS marketed in Spain Department of Studies and Statistics
JANUARY 2018 Manual fr filling the A01 statement- Statistical data n freign UCITS marketed in Spain Department f Studies and Statistics 2 Manual fr filling the A01 statement- Statistical data n freign
More informationNational Planning Guide Summary A Practical Approach to Health Security Capacity Building Draft 21 July 2017
Natinal Planning Guide Summary A Practical Apprach t Health Security Capacity Building Draft 21 July 2017 "Image designed by macrvectr / Freepik" P Purpse f this guide. The purpse f this guide is t prvide
More informationHOW TO RUN A MEETING
HOW TO RUN A MEETING Internatinal Assciatin f Fire Fighters Department f Educatin HAROLD A. SCHAITBERGER, GENERAL PRESIDENT VINCENT J. BOLLON, GENERAL SECRETARY-TREASURER 11/1/03 TABLE OF CONTENTS Intrductin...1
More informationCurrent Developments: Canadian Securities and Auditing Matters
Current Develpments: Canadian Securities and Auditing Matters March 2017 kpmg.ca Canadian Securities and Auditing Matters This editin prvides a summary f newly effective and frthcming regulatry and auditing
More informationBoard Performance Review & Renewal Policy
Bard Perfrmance Review & Renewal Plicy St Andrew s Insurance (Australia) Pty Ltd St Andrew s Life Insurance Pty Ltd St Andrew s Australia Services Pty Ltd Versin 2.0, 22 February 2016 Apprver Bard f Directrs
More informationCorporate Governance Charter
BANQUE INTERNATIONALE A LUXEMBOURG Crprate Gvernance Charter BIL draws n its 160 years f expertise t serve clients, applying the highest standard f business ethics and integrity. Gd and sund gvernance
More informationMAS PROPOSES NEW REGULATORY FRAMEWORK FOR OTC DERIVATIVES
FEBRUARY 2012 1 MAS PROPOSES NEW REGULATORY FRAMEWORK FOR OTC DERIVATIVES On 13 February 2012, the Mnetary Authrity f Singapre ( MAS ) issued tw cnsultatin papers: Cnsultatin Paper n Transfer f Regulatry
More informationRenewing an Insurance Policy
AGENTS, BROKERS Renewing an Insurance Plicy This renewal prcedure is designed t help representatives respect their bligatins when renewing an insurance plicy. Essentially, these bligatins are spelled ut
More informationJOB MATCHING PROCEDURE AGAINST NATIONAL (BENCHMARK) JOB EVALUATION PROFILES
JOB MATCHING PROCEDURE AGAINST NATIONAL (BENCHMARK) JOB EVALUATION PROFILES 1. AIMS The aims f the matching prcedure are: (1) T match as many jbs as pssible t natinal evaluatin prfiles in the mst efficient
More informationTERMS OF REFERENCE. Audit and Risk Committee (the "Committee") of Wilmcote Holdings Plc (the "Company")
References t the "Bard" shall mean the full Bard f Directrs. MEMBERSHIP - The Bard has reslved t establish a cmmittee f the Bard t be knwn as the Audit and Risk Cmmittee. - The Cmmittee shall cmprise at
More informationA0aa. Assertions that the auditor may use in addressing the requirements of this ISA are further described in paragraph A121c.
Agenda Item 3-B ISA 315 (Revised), 1 Identifying and Assessing the Risks f Material Misstatement thrugh Understanding the Entity and Its Envirnment Applicatin and Other Explanatry Material Prpsed changes
More informationPET FORM Planning and Evaluation Tracking ( Assessment Period) Division of: Career and Technical Division
PET FORM Planning and Evaluatin Tracking (2011 2012 Assessment Perid) Divisin f: Career and Technical Divisin Persn Respnsible fr this Divisin: Shawn Fust Department f: Instrumentatin Cntrl and Renewable
More informationFINANCIAL SERVICES GUIDE
PART N: iinvest Securities Financial Services Guide (FSG) FINANCIAL SERVICES GUIDE DATED: Octber 2017 Cntents f this FSG This Financial Services Guide ( FSG ) is an imprtant dcument that iinvest Securities
More informationEU Local and Regional Competitiveness Project TERMS OF REFERENCE TECHNICAL COMMITTEE TOURISM EXPERT
This Trust Fund is funded by the Eurpean Unin EU Lcal and Reginal Cmpetitiveness Prject This Trust Fund is administered by the Wrld Bank TERMS OF REFERENCE TECHNICAL COMMITTEE TOURISM EXPERT LOCAL AND
More informationIndependent Director and Audit Committee
Independent Directr and Audit Cmmittee Rules summary The listed cmpany s bard f directrs is representing the sharehlders. They are respnsible fr making decisins n the cmpany s imprtant plicies and strategies.
More informationCUMBERLAND, RHODE ISLAND FIRE DISTRICT. REQUEST FOR PROPOSALS (RFP) FOR PROFESSIONAL AUDITING SERVICES RFP Issuance Date May 3, 2017
CUMBERLAND, RHODE ISLAND FIRE DISTRICT REQUEST FOR PROPOSALS (RFP) FOR PROFESSIONAL AUDITING SERVICES RFP Issuance Date May 3, 2017 INTRODUCTION The Cumberland Fire District is requesting prpsals frm qualified
More informationExpression of Interest for Project Management Unit (PMU) for monitoring Real Estate Projects in Greater Noida City
Expressin f Interest fr Prject Management Unit (PMU) fr mnitring Real Estate Prjects in Greater Nida City Issued by: Greater Nida Industrial Develpment Authrity (GNIDA) Plt N: 01, Knwledge Park IV, Greater
More information