State Compensation Insurance Fund
Board of Directors
Audit Committee
July 14, 2011
8:00 a.m.
Omni San Francisco Hotel
Russian Hill Room – 2nd Floor
500 California Street
San Francisco, CA 94104
COMMITTEE MEMBERS
Francis E. Quinlan, Chair
Steven L. Rank
William Zachry
Sheryl A. Chalupa (Alternate)
| OPEN SESSION | 8:00 a.m. |
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| Action/Frank Quinlan | 1. | Call to Order and Roll Call |
| Action/Frank Quinlan | 2. | Approval of January 20, 2011 Open Meeting Minutes Attachment |
| Information/Marie Wardell | 3. | Completed Closed Audits |
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| Information/Dan Sevilla | 4. | Model Audit Rule (MAR) and USL&H Audit Requirement Attachment |
Information/Shaun Coyne |
5. | Desktop Virtualization and Cloud Computing System’s Security Attachment |
| Action/Frank Quinlan | 6. | Public Comment on Appropriateness of Closed Session for Items 9 through 15. |
| Information/Frank Quinlan | 7. | Public Comment |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 8. | Approval of May 12, 2011 Closed Meeting Minutes |
| Information/Marie Wardell and Carol Newman |
9. | Regulatory Audits Done By External Parties |
Information/Marie Wardell |
10. | Update on 2010 and 2011 Outstanding Audits and Investigations [Government Code Sections 11126 (j)(2), (3), (4)] |
| a) Outstanding Audits | ||
b) Investigations |
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Information/Shaun Coyne |
11. | Document Protection, Retention and Destruction Policy |
Information/Pete Guastamachio |
12. | Premium Audit Review |
| Information/Carol Newman and Andreas Acker |
13. | Update on SVP Internal Affairs Position |
Information/Maryann Lazernik |
14. | Pending and Potential Fraud Criminal and Civil Litigation [Government Code Sections 11126(e)(j)(2), (3), (4) |
Information/Frank Quinlan |
15. | Audit Considerations Related to the Strategic Plan [Government Code Section 11126(j)(4)] |
| OPEN SESSION | 9:50 a.m. or upon adjournment or recess of the Closed Session, whichever is later | |
| Action/Frank Quinlan | 16. | Call to Order and Roll Call |
| Information/Leigh Wilson | 17. | Report of External Auditor |
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| Information/Frank Quinlan | 18. | Committee Member Presentations |
| Information/Frank Quinlan | 19. | Proposals and Suggestions for September 14, 2011 |
| Next Committee Meeting September 14, 2011 | ||
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.
