Internal Control Assurance Report 2021 - Rail Operations
Railpen delivers high-quality pensions and investment services to the Railways Pension Trustee Company Limited (RPTCL) and for clients requiring third-party pension administration services through its Rail Operations division. This is our Rail Operations Internal Control Assurance Report for the year ended 2021.
CONFIDENTIAL NOTICE – THE FOLLOWING NOTICE IS TO BE READ IN CONJUNCTION WITH THE REPORT ON THE INTERNAL CONTROLS OF RAILPEN LIMITED
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A report on the internal controls of Railpen Limited, prepared by the Directors of Railpen Limited (“Directors”), to which is appended an assurance report on internal controls for the year ended 2021 prepared by the Service Auditors solely for the Directors (“the Service Auditors’ Report”) is available for viewing by visitors to this site who confirm that they are in agreement with this notice by entering the password 'agreed' when downloading the document.
The Service Auditors’ Report has been prepared on a confidential basis in accordance with terms of engagement agreed by the Directors with the Service Auditors.
Following a request by the Directors, the Service Auditors have exceptionally agreed to the posting of the Service Auditors’ Report on this website, on the basis set out in this Notice, to enable readers to verify that a report relating to the internal controls of Railpen Limited and prepared in accordance with the framework set out by the Institute of Chartered Accountants in England & Wales in Technical Release AAF 01/20. ‘Assurance reports on internal controls of service organisations made available to third parties’ and the International Standards on Assurance Engagements 3402 (“ISAE 3402”) has been commissioned by the Directors and issued by the Service Auditors, subject to the remaining paragraphs of this Notice, to which readers’ attention is drawn.
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