MG Doorstep reviews

fyi...
---------------------- Forwarded by Brent A Price/HOU/ECT on 06/05/2000 04:02
AM ---------------------------

Naomi Connell
06/03/2000 08:32 PM
To: Doug Imrie/LON/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Beth
Apollo/LON/ECT@ECT, Tani Nath/LON/ECT@ECT
Subject: MG Doorstep reviews

Doug

The Doorstep team will wish to visit any MG trading locations in order to do
deal testing. In order to weed out the origination offices from trading
offices we have agreed the following approach with Brent. You were
unanimously voted as the man to co-ordinate the effort.

1. As there are various suitable (i.e. ex-auditors/risk controls) Enron
people visiting certain offices, they will use the standard questionnaire
(Brent should send this to you) in order to establish if the activity is of a
trading nature. These people (so far identified) are myself (Liverpool on
Tuesday), Andy (Germany & US offices from 19th June), Lloyd Fleming (same as
Andy) & Tani Nath (Korea & Singapore next week I believe).

2. AA are internal auditor of MG. I have arranged with Sarah Williams to
get the MG internal audit manager to organise a meeting with you in order for
you to review the audit plans and understand what they have reviewed, whether
their internal audit includes deal testing, how they have already reviewed
(or not) the remote offices..... You should plan to report back to Andy,
Brent & I on Friday (please could you organise the meeting). I have the
audit report for MGL & MGMCC audit is due to start on tuesday.

3. Once we have clarified the extent of AAs work we will assess what else
needs to happen and who to get in to the various different offices to
complete the reviews.

Many thanks

Naomi