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Enron Mail |
FYI. Thank you for your assistance. Jim -----Original Message----- From: =09Rogers, Rex =20 Sent:=09Thursday, August 23, 2001 1:22 PM To:=09Cole, Kate; Callahan, Teresa; Pardue, Larry; Pinder, Lori Cc:=09Davis, Hardie; Derrick Jr., James Subject:=09RE: Requests for Jim Derrick's signature on financial documents= =20 Kate: Your memo is timely (and appreciated!). Jim and I and the other gen= eral counsels discussed this topic this morning at Jim's weekly general cou= nsels meeting (Jim and I are receiving a ton of these type of documents). = With respect to subsidiary financial statements requiring Jim Derrick's sig= n-off, the internal accounting officer and the internal lawyer representing= the subsidiary company must initial the documents Jim is being asked to si= gn; they are then sent to me (I also initial anything that Jim signs that = relates to Arthur Andersen, per Jim's request). Jim and I are not CPAs and= we have little to do with the day-to-day operations of most of these compa= nies, so that is the reason for all the diligence. It is the responsibilit= y of the general counsel of the subsidiary operation whose financial statem= ents are being audited by AA to ensure that the proper review and initials = are on these documents before they come to your group or mine----if not, we= send the documents back to them to get the necessary initials. If you hav= e any problems with anyone who delivers these documents to you, let me know= and I will be happy to educate them about this policy. Bottom line for Ji= m and me: We have little knowledge or expertise when it comes to the prepa= ration of the financial statements of these companies, and we are relying o= n the expertise of our internal accountants who are involved in such prepar= ation----they need to take "ownership" by initialing the documents. Thank= s for your help?.I hope these procedures don't make your job any harder tha= n it already is!. Regards, Rex. -----Original Message----- From: =09Cole, Kate =20 Sent:=09Thursday, August 23, 2001 12:06 PM To:=09Callahan, Teresa; Pardue, Larry; Pinder, Lori Cc:=09Rogers, Rex; Davis, Hardie; Derrick Jr., James Subject:=09Requests for Jim Derrick's signature on financial documents=20 Please note that, henceforth, all financial statements, balance sheets, Art= hur Anderson rep. letters, or the like, should be sent to Rex Rogers for re= view and attorney initials before they are sent to Jim Derrick for signatur= e. KC Kate B. Cole Director, Corporate Services Enron Corp. Tel: (713) 853-1624 Fax: (713) 646-8007 Email: kate.cole@enron.com
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