State Compensation Insurance Fund
Board of Directors
Audit Committee
February 19, 2014
2:00 p.m.
State Compensation Insurance Fund Office
333 Bush Street, 7th floor
San Francisco, CA 94104
COMMITTEE MEMBERS
Sheryl A. Chalupa, Acting Chair
Robin Baker
Steven L. Rank
William M. Zachry
| OPEN SESSION |
February 19, 2014 @ 2:00 pm |
|
| Action/Sheryl Chalupa | 1. | Call to Order and Roll Call |
| Action/Sheryl Chalupa | 2. | Antitrust Admonition |
| Action/Sheryl Chalupa | 3. | Approval of November 13, 2013 Open Meeting Minutes |
| Information/ Dante Robinson |
4. | Completed Closed Audits |
| Information/ Andreas Acker and Dante Robinson |
5. | Whistleblower Hotline |
| Information/Willis Re | 6. | Cyber Risk (Revised) |
| Information/Sheryl Chalupa | 7. | Public Comment on Appropriateness of Closed Session for Items 10 through 16. |
| Information/Sheryl Chalupa | 8. | Public Comment |
| CLOSED SESSION | ||
| Action/Sheryl Chalupa | 9. | Approval of November 13, 2013 Closed Meeting Minutes |
| Information/KPMG | 10. | Report of External Auditor – (Observations from Review of September 30, 2013 Loss and Loss Adjustment Expense Reserves) [Government Code Section 11126(j)(4) |
| Information/Dante Robinson | 11. | Internal Audit Report – 4th Quarter [Government Code Sections 11126(a), (j)(2), (3), (4)] |
| Information/Dante Robinson | 12. | Revised Annual Audit Plan – ERM based [Government Code Sections 11126(a), (j)(2), (3), (4)] |
| Information/ Andreas Acker and Dante Robinson |
13. | Update on Personnel Investigations [Government Code Section 11126(a), (j)(4)] |
| Information/Dante Robinson | 14. | Pending and Potential Fraud, Criminal and Civil Litigation [Government Code Sections 11126(e), (j)(2), (4)] |
| Information/Peter Guastamachio | 15. | Model Audit Rule (MAR) Update [Government Code Section 11126(j)(4)] |
| Information/Sheryl Chalupa | 16. | 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/Sheryl Chalupa | 17. | Call to Order and Roll Call |
| Information/Sheryl Chalupa | 18. | Committee Member Presentations |
| Information/Sheryl Chalupa | 19. | Proposals and Suggestions for May 14, 2014 Agenda |
| Next Committee Meeting: May 14, 2014 | ||
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 the 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.
