State Compensation Insurance Fund
Board of Directors
Audit Committee
May 14, 2014
2:00 p.m.
State Compensation Insurance Fund Office
333 Bush Street, 7th floor
San Francisco, CA 94104
COMMITTEE MEMBERS
Sheryl A. Chalupa, Chair
Robin Baker
Jack Neureuter
Steven L. Rank
William M. Zachry
| OPEN SESSION |
May 14, 2014 @ 2:00 pm |
|
| Action/Sheryl Chalupa | 1. | Call to Order and Roll Call |
| Information/Sheryl Chalupa | 2. | Antitrust Admonition |
| Action/Sheryl Chalupa | 3. | Consent Calendar1 |
a. |
Approval of February 19, 2014 Open Meeting Minutes | |
b. |
Annual Review of Audit Committee Charter | |
c. |
Annual Review of Internal Audit Charter and Compliance with International Internal Audit Standards | |
| Information/ Dante Robinson |
4. | Completed Closed Audits |
| Information/ Andreas Acker and Dante Robinson |
5. | Whistleblower Hotline |
| Information/Sheryl Chalupa | 6. | Public Comment on Appropriateness of Closed Session for Items 9 through 14. |
| Information/Sheryl Chalupa | 7. | Public Comment |
| CLOSED SESSION | ||
| Action/Sheryl Chalupa | 8. | Approval of February 19, 2014 Closed Meeting Minutes |
| Information/KPMG | 9. | Report of External Auditor [Government Code Section 11126(j)(4)] |
| Information/Dante Robinson | 10. | Internal Audit Report – 1st Quarter 2014 [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/Ken Van Laar | 12. | Enterprise Risk Management [Government Code Section 11126(j)(4)] |
| Information/Dante Robinson | 13. | Special Investigation Unit Update – 1st Quarter 2014 |
| Information/Sheryl Chalupa | 14. | Audit Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| OPEN SESSION | 4:00 p.m. or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Sheryl Chalupa | 15. | Call to Order and Roll Call |
| Information/Sheryl Chalupa | 16. | Committee Member Presentations |
| Information/Sheryl Chalupa | 17. | Proposals and Suggestions for September 23, 2014 Agenda |
| Next Committee Meeting: September 23, 2014 at the Hyatt Regency, Monterey, CA | ||
1Items on the Audit Committee Consent Calendar include routine actions and will be enacted by one motion and one vote. There will be no separate discussion of these items unless a Committee Member or the public so requests. It is in the Committee’s discretion to remove items from the Audit Committee Consent Calendar. Any item removed from the Consent Calendar will be considered in its normal sequence on the agenda. If you wish to have an item removed from the Consent Calendar, please submit a speaker card or make your request at the time the Committee Chairperson asks if any member of the public wishes to remove an item from consent. After an item, if any, removed from the Consent Calendar has been discussed, the Committee will vote to approve all items remaining on the Consent Calendar.
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.
