State Compensation Insurance Fund
Board of Directors
Audit Committee
May 16, 2012
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 |
May 16, 2012 @ 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 |
Action/Frank Quinlan |
5. | Review of Committee Size |
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 February 16, 2012 Closed Meeting Minutes |
Information/Dante Robinson |
9. | Update on 2012 Audit Plan and Outstanding Audits
|
Information/Dante Robinson |
10. | Report on External Audits [Government Code Sections 11126(a), (j)(2), (3), (4)] |
Action/Frank Quinlan |
11. | Review of Audit Committee Agenda [Government Code Section 11126(j)(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 – Audit of the Financial Statements [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 | 4:30 p.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 August 16, 2012 Agenda |
Next Committee Meeting August 16, 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.