State Compensation Insurance Fund
Board of Directors
Audit Committee
February 13, 2013
2:00 p.m.
State Compensation Insurance Fund Office
333 Bush Street, 7th floor
San Francisco, CA 94104
COMMITTEE MEMBERS
Francis E. Quinlan, Chair
Steven L. Rank
William M. Zachry
Sheryl A. Chalupa (Alternate)
OPEN SESSION |
February 13, 2013 @ 2:00 pm |
|
Action/Frank Quinlan | 1. | Call to Order and Roll Call |
Action/Frank Quinlan | 2. | Antitrust Admonition |
Action/Frank Quinlan | 3. | |
Information/Dante Robinson |
4. | Completed Closed Audits |
Information/ Andreas Acker and Dante Robinson |
5. | Whistleblower Hotline |
Information/Frank Quinlan | 6. | Public Comment on Appropriateness of Closed Session for Items 9 through 17. |
Information/Frank Quinlan | 7. | Public Comment |
CLOSED SESSION | ||
Action/Frank Quinlan | 8. | Approval of November 14, 2012 Closed Meeting Minutes |
Information/KPMG |
9. | Report of External Auditor – (Preliminary December 31, 2012 Audit Work) [Government Code Section 11126(j)(4)] |
a. |
KPMG Actuarial Specialist: Observations from Review of September 30, 2012 Loss Reserves | |
b. |
KPMG IT Audit Specialist: Audit Approach and Risk Assessment Observations | |
Information/Dante Robinson |
10. | Internal Audit Report – 4th Quarter [Government Code Sections 11126(a), (j)(2), (3), (4)] |
Information/ Andreas Acker and Dante Robinson |
11. | Update on Personnel Investigations [Government Code Section 11126(a), (j)(4)] |
Information/Andreas Acker | 12. | Evaluation of Disaster Recovery Plans [Government Code Section 11126(j)(4) |
Information/Ken Van Laar | 13. | Enterprise Risk Management Update [Government Code Section 11126(j)(4) |
Information/Maryann Lazernik | 14. | Pending and Potential Fraud, Criminal and Civil Litigation [Government Code Sections 11126(e), (j)(2), (4)] |
Information/Dan Sevilla | 15. | Model Audit Rule (MAR) Update [Government Code Section 11126(j)(4)] |
Information/Dan Sevilla | 16. | Pension and Other Post Employment Benefits (OPEB) Update [Government Code Section 11126(j)(4)] |
Information/Frank Quinlan | 17. | Audit Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
OPEN SESSION | 4:15 p.m. or upon adjournment or recess of the Closed Session, whichever is later | |
Action/Frank Quinlan | 18. | Call to Order and Roll Call |
Information/Frank Quinlan | 19. | Committee Member Presentations |
Information/Frank Quinlan | 20. | Proposals and Suggestions for May 15, 2013 Agenda |
Next Committee Meeting May 15, 2013 |
Note: Items designated for information are appropriate for Board/Committee action if the Board/Committee wishes to take action. Any agenda item from a properly noticed Committee meeting held immediately prior to this Board meeting may be considered by the Board. Agenda items may be taken out of order with the approval of the Chairperson. Public comment will be limited to three (3) minutes per speaker and ten (10) minutes per subject item.