State Compensation Insurance Fund
Board of Directors
Audit Committee
November 17, 2011
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 |
November 17, 2011 @ 8:00 am |
|
| Action/Frank Quinlan | 1. | Call to Order and Roll Call |
| Action/Frank Quinlan | 2. | Approval of September 14, 2011 Open Meeting Minutes Attachment |
| Information/Marie Wardell | 3. | Completed Closed Audits |
| Information/Leigh Wilson | 4. | Report of External Auditor Attachment |
| Information/Frank Quinlan | 5. | Public Comment on Appropriateness of Closed Session for Items 8 through 14 |
| Information/Frank Quinlan | 6. | Public Comment |
| CLOSED SESSION | ||
| Action/Frank Quinlan | 7. | Approval of September 14, 2011 Closed Meeting Minutes |
| Information/Marie Wardell | 8. | Update on 2010 and 2011 Outstanding Audits and Investigations [Government Code Sections 11126(a), (j)(2), (3), (4)] |
| Action/Marie Wardell and Ken Van Laar | 9. | Approval of 2012 Audit Plan [Government Code Sections 11126(a), (j)(2), (3), (4)] |
a. |
KPMG report on Audit Plan Development Process Gap Analysis | |
| Action/Carol Newman | 10. | Approval of 2012 Agenda Items and Schedule [Government Code Sections 11126(a), (j)(2), (3), (4)] |
| Information/Dan Sevilla | 11. | Pension and Other Post Employment Benefits (OPEB) Update [Government Code Section 11126(j)(4)] |
| Information/Maryann Lazernik | 12. | Pending and Potential Fraud Criminal and Civil Litigation [Government Code Sections 11126(e), (j)(2), (4)] |
| Information/Frank Quinlan and Carol Newman | 13. | Update on Senior Vice President of Internal Affairs [Government Code Sections 11126(a), (j)(4)] |
| Information/Frank Quinlan | 14. | 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 | 15. | Call to Order and Roll Call |
| Information/Frank Quinlan | 16. | Committee Member Presentations |
| Information/Frank Quinlan | 17. | Proposals and Suggestions for February 16, 2012 |
| Next Committee Meeting February 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.
