Audit Committee (AC) Meeting Minutes
AC Attendees: Bill Graham, Olga Madruga-Forti, Erika Mann – Chair, Gonzalo Navarro and Ray Plzak
Other Board Attendees: Sébastien Bachollet, Steve Crocker, George Sadowsky and Mike Silber
ICANN Executives and Staff Attendees: Susanna Bennett (Chief Operating Officer), Megan Bishop (Board Support Coordinator), Michelle Bright (Board Support Manager), Xavier Calvez (Chief Financial Officer), John Jeffrey (General Counsel and Secretary), and Amy Stathos (Deputy General Counsel).
Invited Guests: Rinalia Abdul Rahim
The following is a summary of discussion, actions taken and actions identified:
Auditor Selection Process – Staff provided an update on status of auditor selection process for the FY14 audit, including the RFP (request for proposal) process, response received, and nature of those responses. Staff further provided a report as to how the proposals were evaluated by a team of staff members, and on what factors they were evaluated, including overall capabilities of the firm, professional team assigned, proposal methodology, understanding of assignments, costs and references. Staff recommended that the committee follow the ranking of the proposals and make a recommendation for Board approval, subject to staff conducting the reference checks of the top ranked firm. If the reference check identifies information that staff believes would eliminate the top ranked firm, then staff will return to the AC for further discussion. Staff also provided a brief report on next steps leading up to, and after, the new audit firm is engaged.
Staff to conduct reference check on top ranked firm
Subject to reference check, staff to draft resolution for Board approval
Published on 20 June 2014