Audit Committee Meeting

Tuesday, December 6, 2011
9:00 a.m. - 11:00 a.m.
Port of Seattle Headquarters, Pier 69, Commission Chambers

Attendees:

Presenters: (in order of appearance)

Commissioner Rob Holland

Jeff Hollingsworth, Senior Manager, Risk Management

Commissioner Tom Albro
Commissioner Gael Tarleton (alternate member)

Lauren Smith, Manager, HR Information System
Tyler Winchell, Internal Audit Staff

Committee Public Member Christina Gehrke

Jack Hutchinson, Internal Audit Manager

CEO Tay Yoshitani

Joyce Kirangi, Director, Internal Audit Department

Staff:

Dan Thomas, Chief Financial Officer

Seattle Port Commission:

Tom Barnard, Policy Analyst, Port of Seattle Commission
Katie Blair, Commission Records Specialist

Agenda
Minutes

Approval of Audit Committee minutes

Audit Committee

for November 1, 2011
Special Order of
Business

Enterprise Risk Management (ERM) Project:
Information and Communications
Technology

Lease and
Concession Audits *

None

Operational Audits

Central Processing
System

None

Comprehensive
Operational Audit

Airfield Operations

Limited Operational
Audit

None

rd

3 Party Audit

Jeff Hollingsworth, Senior Manager, Risk Management
Lauren Smith, Manager, HR Information System

Tyler Winchell, Internal Audit Staff

None

Follow up Items

None

Internal Audit
Committee Items

Approval of Peer Review for Internal Audit
Department

Audit Committee

Audit Work Plan

2011 Work Plan Status Update

Joyce Kirangi, Director, Internal Audit Department

2012 Proposed Internal Work Plan

Jack Hutchinson, Internal Audit Manager

External Audits

None

New Business

Preliminary Scope Discussion for IT Risk
Assessment and Performance Audit

Joyce Kirangi, Director, Internal Audit Department

Dan Thomas, Chief Financial Officer
Joyce Kirangi, Director, Internal Audit Department

* Lease and Concession items will be reviewed only at Audit Committee request.