CERN Audit Committee - Fifth Meeting

Name: CERN Audit Committee - Fifth Meeting
Start: 2018-05-31T13:30:00+02:00
End: 2018-06-01T17:00:00+02:00
Location: CERN

31 May 2018, 13:30 → 1 Jun 2018, 17:00 Europe/Zurich

61/1-009 - Room C (CERN)

61/1-009 - Room C

CERN

Show room on map

Thursday 31 May
- Thu 31 May
- Fri 1 Jun
- 13:30 → 13:35
  1. Approval of the minutes of the 4th CERN Audit Committee Meeting on 1 March 2018 5m
  - CERN/AC/017
  CERN/AC/017 4th meeting - 1 March 2018 - draft minutes
- 13:35 → 13:40
  2. Adoption of the agenda 5m
  - CERN/AC/018/Rev.2/Draft
  Draft Agenda
- 13:40 → 13:45
  
  3. Matters arising from the previous meeting 5m
- 13:45 → 14:05
  
  4. Report from the Chair on the Finance Committee and Council sessions of March 2018 20m
  
  March Council Draft Minutes
  
  March FC Draft Minutes
- 14:05 → 14:35
  
  5. Presentation by the PFMU of the Pension Fund Annual Report and Financial Statements for the year ended 31 December 2017 30m
  
  2017 Annual Report and Financial Statements
  
  Slides
- 14:35 → 15:20
  6. Financial audit by the Pension Fund Specialized Internal Auditor 45m
  
  CERN Pension Fund - PwC detailed report (with 2 signatures).pdf
  
  CERN - specialized auditor report 2017 (with 2 signatures).pdf
  
  Report_IA 2017_CERN PF_amendement_7 May 2018_VF (with 2 signatures).pdf
  - a) Management letter on the Financial Statements for the Financial Year 2017 15m
  - b) Report of the Specialized Auditor to the PFGB on the Special Purpose Financial Statements 2017 15m
  - c) Pension Fund - Report on the ICS assessment 2017 15m
- 15:20 → 15:35
  
  Coffee break 15m
- 15:35 → 16:05
  7. Audit of the Financial Statements of the CERN Pension Fund 30m
  
  Slides
  - a) Report by the External Auditors 15m
    
    Report
  - b) Recommendations from the External Auditors and comments from the CERN Pension Fund Management 15m
    
    Document
- 16:05 → 16:30
  
  8. Profile for the new AC professional member as of 1.1.2019 25m
- 16:30 → 17:00
  
  9. Report of the Working Group on the Governance of the CERN Pension Fund 30m
  
  Document
  
  Slides
- 17:00 → 17:30
  
  10. Summary of key messages from the first day 30m
- 19:30 → 21:00
  
  Dinner for Audit Committee members 1h 30m
Friday 1 June
- Thu 31 May
- Fri 1 Jun
- 09:00 → 09:30
  
  11. Presentation by the CERN Management of the CERN Annual Progress Report for the sixty-third financial year 2017 and comments from 30m
  
  a) the SPC,
  b) the FC,
  c) the External Auditors.
  
  APR 2017_AC Juin 2018_KP.pdf
  
  APR 2017_FC_6206 rev.pdf
  
  Assessments by External Auditors
  
  Slides
- 09:30 → 10:00
  
  12. Presentation by the CERN Management of the CERN Financial Statements for the year ended 31 December 2017 30m
  
  Financial Statements 2017
  
  Slides
- 10:00 → 11:00
  13. Audit of the Financial Statements of the Organization 1h
  
  Slides
  - a) Report by the External Auditors 30m
    
    Report
  - b) Recommendations from the External Auditors and comments by the CERN Management 30m
    
    Document
- 11:00 → 11:15
  
  Coffee break 15m
- 11:15 → 12:00
  14. Interaction of the External Auditors with and reliance on: 45m
  - a) CERN Internal Audit 20m
  - b) Pension Fund Internal Auditors 25m
- 12:00 → 13:15
  
  Lunch for AC members 1h 15m
- 13:15 → 14:15
  15. Internal Audit Reports 1h
  - a) Follow-up audit of third party accounts 30m
    
    DG-IA 17-R3 DG-IA 17-R3 afu
    
    DG-IA 17-R3 afu Audit on third party accounts - Summary of recommendations and agreed action plan.pdf
    
    DG-IA 17-R3. Follow-up Audit on Third Party Account.pdf
    
    Slides
  - b) Check of controls of physical cash funds 30m
    
    DG-IA 18-18
    
    DG-IA 18-18 - IC Check - Physical cash funds at CERN_final.pdf
    
    Slides
- 14:15 → 14:45
  
  16. New CERN Internal Audit Charter - Proposal 30m
  
  For information - DG-IA 16-01 - Internal Audit Charter - signed 02.02.2016.pdf
  
  Slides
- 14:45 → 15:00
  
  Coffee break 15m
- 15:00 → 16:00
  
  17. Results of the Audit Committee's self-assessment exercise 1h
  
  Audit Committee self-assessment March 2018 - combined results 3.pdf
- 16:00 → 16:30
  18. Key messages from the Audit Committee to the Council 30m
  - CERN/AC/019
- 16:30 → 16:45
  
  19. A.O.B. 15m