State Compensation Insurance Fund
Board of Directors
Audit Committee
February 16, 2012
8:00 a.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 16, 2012 @ 8:00 am |
|
| Action/Frank Quinlan | 1. | Call to Order and Roll Call |
| Action/Frank Quinlan | 2. | Certificate of Appreciation – Marie Wardell Attachment |
| Information/Frank Quinlan
and Carol Newman |
3. | Introduction of Dante Robinson, Chief of Internal Affairs |
| Action/Frank Quinlan | 4. | Approval of November 17, 2011 Open Meeting Minutes Attachment |
Information/Marie Wardell |
5. | Completed Closed Audits |
a. |
ITIL Adoption & Integration Attachment |
|
Information/Frank Quinlan |
6. | Public Comment on Appropriateness of Closed Session for Items 9 through 16. |
| Information/Frank Quinlan | 7. | Public Comment |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 8. | Approval of November 17, 2011 Closed Meeting Minutes |
| Information/Carol Newman and Dante Robinson |
9. | Review of Chief of Internal Affairs 2012 Objectives and Deliverables |
| Information/Marie Wardell | 10. | Update 2011 Outstanding Audits and Special Assignments [Government Code Sections 11126(a), (j)(2), (3), (4)] |
| Information/Andreas Acker | 11. | Summary of 2011 Internal Investigations [Government Code Sections 11126(a), (j)(2), (3), (4)] |
Information/Dan Sevilla |
12. | Model Audit Rule (MAR) Report and Attestation/Compliance [Government Code Section 11126(j)(4)] |
| Information/Dan Sevilla | 13. | Pension and Other Post Employment Benefits (OPEB) Update [Government Code Section 11126(j)(4)] |
Information/KPMG |
14. | Report of External Auditor – Actuarial Update as of September 30, 2011 [Government Code Section 11126(j)(4)] |
Information/Maryann Lazernik |
15. | Pending and Potential Fraud Criminal and Civil Litigation [Government Code Sections 11126(e), (j)(2), (4)] |
Information/Frank Quinlan |
16. | Audit Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| OPEN SESSION | 9:30 a.m. or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Frank Quinlan | 17. | Call to Order and Roll Call |
| Information/Frank Quinlan | 18. | Committee Member Presentations |
| Information/Frank Quinlan | 19. | Proposals and Suggestions for May 17, 2012 Agenda |
| Next Committee Meeting May 17, 2012 | ||
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.
