Contingency keys are necessary for audit review, or in the case of lost or stolen passphrases.

In addition, the Institute's own regulatory processes were extended to encompass new responsibilities in audit review.

Xerox Postpones Filing With S.E.C. Xerox said that the filing of its annual financial statements with the S.E.C. would be delayed while its outside auditor conducts "a fuller audit review."

C.F.T.C. officials said the audit reviews did not cover many of the aspects that the current investigation is dealing with.

Guinness, the international drinks business, has included an audit review from Price Waterhouse in its interim results statement for the six months to 30 June 1992.

Cadbury Schweppes' interim report for the 24 weeks ended 13 June 1992 also contains group p&l, balance sheet and cash flow statement on separate pages, each with its own notes at the bottom but no audit review.

Following this decision, a panel of eminent persons was set up to conduct the 'audit review'.

The audit review should include a review of validation of data that is input in certain transactions, the design of ABAP statements and their authority checks matching documents prior to closing.

In an indication that questions about its accounting practices are far from settled, the Xerox Corporation announced yesterday that the filing of its annual financial statements would be delayed while its outside auditor conducts "a fuller audit review."

The delay "will permit a fuller audit review than previously contemplated and a sign-off on the company's 2000 financial statements," Xerox said.