Internal Audit Briefing

Presented to the Port of Seattle

Audit Committee and Tay Yoshitani, CEO

Joyce Kirangi, CPA

Director, Internal Audits

December 1, 2009

Agenda

Audit Reports

– 2009 Audit Status (recap of the Nov. mtg.)

• Ongoing 2009 Audits

– Lease Mgmt., Disbursement, ICT

– Borders, Clear Channel, Concession Int’l

• On-hold Seaport Audits (4)

• Furlough Impact (loss of approx. 520 hrs) and

unfilled FTE

– Internal Audit 2010 Proposed Audit Projects

Discussion

• 2010 Audit Projects – In progress Management

Discussions