CERN Audit Committee - Twenty-second meeting

Name: CERN Audit Committee - Twenty-second meeting
Start: 2022-05-23T13:30:00+02:00
End: 2022-05-24T18:00:00+02:00
Location: CERN

23 May 2022, 13:30 → 24 May 2022, 18:00 Europe/Zurich

61/1-009 - Room C (CERN)

61/1-009 - Room C

CERN

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Monday 23 May
- Mon 23 May
- Tue 24 May
- 13:30 → 14:00
  
  Closed Session
- 14:00 → 14:05
  
  1. Adoption of the agenda 5m
  
  22-AC-meeting-agenda-draft-23-24-May_16.5.2022-REV.pdf
- 14:05 → 14:10
  
  2. Approval of the minutes of the 20th CERN Audit Committee Meeting on 1 March 2022 5m
  
  CERN-AC-078-1 March 22 - draft minutes.pdf
- 14:10 → 14:15
  
  3. Matters arising from the previous meeting 5m
- 14:15 → 14:30
  
  4. Report from the Chair on the Finance Committee and Council sessions of March 2022 (Oral) 15m
  
  Closed-Council-March22-summary of conclusions-FINAL.pdf
  
  FC-March2022-Summary of conclusions.pdf
  
  Restricted-Council-March22-summary of conclusions-FINAL.pdf
- 14:30 → 15:00
  5. Internal Audit Reports 30m
  - a) Audit of CERN dependency on external IT providers 20m
    
    DG-IA 21-R3 - Audit of CERN's dependence on external IT providers.pdf
    
    Slides
  - b) Check of Controls-Team accounts 20m
    
    DG-IA 21_R4 - Check of controls -Management of teams accounts at CERN_Final .pdf
    
    Slides
- 15:00 → 15:15
  
  Coffee break 15m
- 15:15 → 16:30
  6. Internal Audit Services – Key areas of attention 1h 15m
  
  Slides
  - a) Internal Audit Activity Report for 2021 10m
    
    DG-IA 22-04 - Internal activity report for 2021.pdf
- 16:30 → 17:00
  
  7. Report of the Working Group on the Governance of CERN (Oral) 30m
  
  Slides
- 19:00 → 20:30
  
  Dinner for Audit Committee members at 19:00 1h 30m
Tuesday 24 May
- Mon 23 May
- Tue 24 May
- 09:00 → 09:45
  8. Presentation by the PFMU of the Pension Fund Annual Report and Financial Statements for the year ended 31 December 2021 45m
  - CERN/FC/6574 CERN/3643
  2021 DRAFT Annual Report and Financial Statements.pdf
  
  Slides
- 09:45 → 10:30
  9. Audit of the Financial Statements of the CERN Pension Fund – Report by the External Auditors 45m
  - CERN/FC/6575 CERN/3644
  PF Audit Opinion and Report 2021_final signed.pdf
  
  Slides
- 10:30 → 11:00
  
  10. Results of the 2022 periodic actuarial review for Council questions 30m
  
  PF-PwC review of PAR _ 12052022.pdf
  
  Slides-PAR report
  
  Slides-PwC report
- 11:00 → 11:15
  
  Coffee break 15m
- 11:15 → 11:45
  
  11. Head of Internal Audit appointment/selection 30m
- 11:45 → 12:15
  
  12. Presentation by the CERN Management of the CERN Annual Progress Report for the sixty-seventh financial year 2021 and comments from the External Auditors 30m
  
  APR2021-SPC-1174-FC-6551-C-3624-rev-for Audit Committee.pdf
  
  Slides
- 12:15 → 13:45
  
  Lunch for AC members 1h 30m
- 13:45 → 14:30
  
  13. Presentation by the CERN Management of the CERN Financial Statements for the year ended 31 December 2021 45m
  
  2021 Financial_Statements_AC05-22upload.pdf
  
  FC-6572-C-3641-Financial Statements 2021_Final_ev.pdf
  
  Slides
- 14:30 → 15:15
  
  14. Audit of the Financial Statements of the Organization – Report by the External Auditors 45m
  
  CERN Audit Opinion and Report 2021_final signed.pdf
  
  FC-6573-C-3642CERN Audit Opinion and Report 2021_Final_ev.pdf
  
  Slides
- 15:15 → 15:30
  
  15:30 Coffee break 15m
- 15:30 → 16:30
  15. AC self-Assessment 1h
  - - Follow up of recommendations 10m
  - - Other matters 10m
  - - Conclusions & action plan 10m
- 16:30 → 16:45
  
  16. Key messages from the Audit Committee to the Council 15m
- 16:45 → 17:00
  
  17. A.O.B 15m

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CERN Audit Committee - Twenty-second meeting

61/1-009 - Room C

CERN