Internal Control Assurance Report 2022 - Employee Benefits

CONFIDENTIAL NOTICE – THE FOLLOWING NOTICE IS TO BE READ IN CONJUNCTION WITH THE REPORT ON THE INTERNAL CONTROLS OF RAILPEN LIMITED

Important notice

Please read the following notice and confirm below in order to access the Internal Control Assurance Report.

By downloading the Internal Control Assurance Report you are agreeing to the notice below and terms and conditions.

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 period/year ended 31 December 2022 prepared by the Service Auditors solely for the Directors (“the Service Auditors’ Report”) is available for viewing by visitors to this site who click the confirmation link below ‘I confirm I have read and agree to the above notice’.

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.

The Service Auditors’ Report should not be regarded as suitable to be used or relied on by any reader wishing to acquire any rights against the Service Auditors other than Directors (as a body) for any purpose or in any context. In consenting to the posting of the Service Auditors’ Report on this website, the Service Auditors do not accept or assume any responsibility to any readers other than the Directors (as a body) in respect of the Service Auditors’ work for the Directors, the Service Auditors’ Report, or any opinions that the Service Auditors may have formed and, to the fullest extent permitted by law, the Service Auditors will accept no liability in respect of any such matters to any readers other than the Directors. Should any readers other than the Directors choose to rely on the Service Auditors’ Report, they will do so at their own risk.

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