THE TURNBULL REPORT

The Turnbull Report is the abbreviated name given to guidance provided by The Institute of Chartered Accountants in England and Wales to enable UK companies to implement the internal controls required by the Combined Code on Corporate Governance. The full title of the Turnbull Report is 'Internal Control: Guidance for Directors on the Combined Code.' The guidance is supported and endorsed by the London Stock Exchange.

According to ICAEW the guidance "indicates the company's internal control system should:
- be embedded within its operations and not be treated as a separate exercise;
- be able to respond to changing risks within and outside the company; and
- enable each company to apply it in an appropriate manner related to its key risks."

ICAEW DOCUMENTS
• Read the complete Turnbull report
• Implementing Turnbull: a Boardroom Briefing