Audit Committee - Twentieth Meeting

Tuesday 1 Mar 2022, 10:00 → 17:30 Europe/Zurich

AC 20 1 March 22 - approved minutes

Connection link

10:00 → 10:15 CLOSED SESSION

10:15 → 10:20 1. Adoption of the agenda

CERN-AC_076_20th Meeting_Draft Agenda-Rev.pdf

10:20 → 10:25 2. Approval of the minutes of the 19th CERN Audit Committee Meeting on 10-11 November 2021

CERN-AC_075_19th meeting_10-11 November 2021 draft minutes.pdf

10:25 → 10:35 3. Matters arising from the previous meeting (Oral)

10:35 → 10:45 4. Report from the Chair on the Finance Committee meetings and Council sessions of December 2021 (Oral)

Closed Council-Dec2021 Summary of conclusions

FC-Dec-2021 Revised-summary of conclusions

Resticted-Council-Dec2021 Summary of conclusions

10:45 → 11:00 5. Audit Committee Report to Council – Annual report 2021

Council document

11:00 → 11:15 6. Update on AC Self-Assessment (Oral)

Slides

11:15 → 11:45 7. Internal Audit Services – Key areas of attention (Oral)

Slides

11:45 → 12:15 8. Enterprise Risk Management @ CERN - update (Oral)

Speaker: Anne Kerhoas (CERN)

Slides

12:15 → 12:30 9. Update on the selection of the new external auditors (Oral)

12:30 → 13:30 Lunch

13:30 → 14:00 10. Covid-19 update (impact on CERN activities, timelines, costs, collaborations, handling of the pandemic) (Oral)

Speakers: Fabiola Gianotti (CERN), Benoit Delille (CERN)

Slides

14:00 → 14:30 11. Financial Governance of Experiments – Answer to Council - Update (Oral)

Slides

14:30 → 15:00 12. Discussion on recent changes within IAS (Oral)

15:00 → 15:15 Tea break

15:15 → 15:45 13. Update on Council Working Group – “Governance” (Oral)

Speaker: Ursula Bassler

Slides

15:45 → 16:15 14. Presentation PFGB Chair & Pension Fund CEO for Council question (Oral)

Speakers: Ossi Malmberg, Douglas Nicol Heron (CERN)

04. M004 - Update to the Audit Committee from CERN Pension Fund.pdf

Pension Fund to Audit Committee - List of documents.pdf

Scope of work for independent assurance on PAR22 (final 07022022).pdf

16:15 → 16:45 15. External Auditors' Report on interim audit status and preliminary findings (Oral)

Speaker: Christa Laurila (National Audit Office Finland)

Slides

16:45 → 17:00 16. IAS - Audit Report (s) (Oral)

Speaker: Elise Salaun and Blaise Wägli (Ernst & Young)

DG-IA 21-R2 Audit of CERN pension fund - Equity Portfolio Mngt - Final report including Action plan.pdf

Slides

17:00 → 17:15 17. Audit Committee key Messages to the Council (Oral)

17:15 → 17:30 18. A.O.B. (Oral)