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Enron Mail |
I am still talking with John Sorrells and Tom Bauer about this to see if we
can get efficiencies out of this process. However, AA's first postion is that RAC is not independent and objective since they approve deals, are part of due diligence, etc.... I commit to you that I will continue to push on this and will let you know the outcome. SK From: Shona Wilson 09/28/2000 08:46 AM To: Shawn Kilchrist/NA/Enron@Enron cc: Michael E Moscoso/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT Subject: Re: Door step Dear Shawn, It is unfortunate Tom did not bring up these points when the three of us discussed this on Monday. I am unclear as to whether the work AA was planning to do on power is for their internal or external purposes as when asked directly Jennifer Stevenson said that it was for both audits (which, as you know, is frowned upon by the SEC). In fact, Stacey was not part of the Doorstep team. Additionally Risk Operations (myself) did not set up or perform the deal test. Instead, this test was set up by AA and performed by members of RAC. This can be considered a internal audit for AA's purposes. Although it seemed that we had an agreement on Monday, it now looks as if you, Tom and I need to meet again and establish some additional ground rules in order to eliminate duplication of work. Regards Shona Shawn Kilchrist 09/27/2000 05:49 PM To: Shona Wilson/NA/Enron@Enron, Michael E Moscoso/HOU/ECT@ECT cc: Subject: Door step Please see below from Tom. It may be that they will not be able to rely on the work because this group is not independent and objective as an internal audit group should be by design. I will keep you posted on anything I hear. SK ---------------------- Forwarded by Shawn Kilchrist/NA/Enron on 09/27/2000 05:46 PM --------------------------- Tom Bauer 09/26/2000 03:15 PM Sent by: Sabrina Whaley To: Shawn Kilchrist/NA/Enron@Enron cc: Subject: Selected Observations I am fordwarding to you the list of items we recently discussed in our Trading status meeting. This list was compiled specifically for that meeting to illustrate some representative findings and observations. It is not a comprehensive summary. Please review the database for all findings related to our controls testing. Also please advise who will be doing the Doorstep procedures on the West Desk. I envisioned from our recent phone call that it would be conducted as an internal audit function and I could incorporate it into my work on the external audit as such. I am hearing that the team will include Enron employees such as Stacey White. If so, I would not view the work in the same fashion as if done by people in your group or other independent group. Let's discuss. (See attached file: Cmpltnss&AccrcyJS.doc) - Cmpltnss&AccrcyJS.doc
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