Internal Audit Briefing
Presented to the Port of Seattle
Audit Committee and Tay Yoshitani, CEO
Joyce Kirangi, CPA, Internal Audit Manager
May 5, 2009
Agenda
Audit Reports
– Lease and Concession
• Anton Airfood of Seattle, Inc.
– 3
rd
Party Management Services Agreement
• World Trade Center West Building (WTC-W)
Anton Airfood of Seattle, Inc.
• Clean Report -- No Audit Issues
– Adequate Management Monitoring.
– Accurate and Timely Reporting and Remittance
of Concession Payments.
World Trade Center West
Building (WTC-W)
• Audit Finding
– Inadequate Monitoring Related to the Third-party
Employee Compensation Costs Paid by the Port.
• Recommendation
– Appropriate level of monitoring and review to
ensure that management is fully aware of all
costs related to the third-party employee
compensation at World Trade Center West.
