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Enron Mail |
FYI - these reccomendations all look reasonable to me.
Greg, please have someone in your group formalize a policy type document with timelines, responsible parties, etc. for this. I believe that I sent you Stacey's original communication. -----Original Message----- From: jennifer.stevenson@us.andersen.com@ENRON [mailto:IMCEANOTES-jennifer+2Estevenson+40us+2Eandersen+2Ecom+40ENRON@ENRON.com] Sent: Monday, September 10, 2001 7:58 PM To: Hodges, Georganne Subject: Re: FW: Accrual Book Procedures Tom looked over these procedures today, but he did not have many comments. I think the procedures should have timing requirments and documentation requirements. Here are some of my thoughts: Required communication of accrual transactions on date of execution Notification of accrual transactions to Financial Operations and Risk Controls via deal tickets, deal confirmations, deal "write-ups", etc. Required deal "write-up" explaining transaction purpose and basis for accrual accounting (this would not be the full blown 133 documentation that Financial Operations would prepare) Daily DPR should be provided to John Lavorato and/or Wes Colwell Weekly/Monthly DPR should be provided to Financial Operations and Market Risk Management (this will help RAC implement the risk policy) The last point in Stacey's email states that Fin Ops will communicate disclosures to Risk Mgmt. - I think Risk Mgmt. should assist Fin Ops. in gathering necessary disclosure data The procedures need to specify the level of individual that will be notified of the accrual transactions These are just some items I thought through. I did not go over these specifically with Tom, but I think he would be supportive of all of these items. Let me know what you think. *******************Internet Email Confidentiality Footer******************* Privileged/Confidential Information may be contained in this message. If you are not the addressee indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email. Please advise immediately if you or your employer do not consent to Internet email for messages of this kind. Opinions, conclusions and other information in this message that do not relate to the official business of my firm shall be understood as neither given nor endorsed by it.
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