AUDIT COMMITTEE
                                                                                      89406

FROM: The Secretary, Audit Committee


                         Minutes of Meeting held on Wednesday, June 25, 2014
                                    at 2:35 p.m. in the Board Room

Present

Committee
Mr. Cipollone (Chair)
Mr. Alturki (Alternate)
Mr. Annamalai
Ms. Aviel (Alternate)
Mr. Delaunay (Alternate)
Mr. Fernandez (Acting Alternate)
Mr. Tareque (Alternate)
Mr. Willcock

Other Executive Directors and Alternates
Messrs./Mmes. Azizyan, Barry, Bor, Fujii, Han, Ibrahimi, Misyukovets, Mufarrij, Ncube, Rissmann,
Snisorenko, Tortola Sebastian and Ubelis

Officers and Staff
Messrs./Mmes. Bhagat, Bouye, Brennan, De Leede, Diagne, Halouda, Keicho, Frazier, Muleri, Murugan.
Berger (Committee Secretary)


Internal Audit Vice Presidency FY15 Risk Assessment and Work Program (Draft)

1.      The Committee discussed the document entitled Internal Audit Vice Presidency FY15 Risk
Assessment and Work Program (Draft) (AC2014-0029). The document will be forwarded to the Board
for approval. A report from the Committee to the Board will be prepared.

Interim Review of IDA's Investment Strategy

2.       The Committee discussed the document entitled Interim Review of IDA's Investment Strategy
(AC2014-0028). The Committee took note of the document. A report from the Committee to the Board
will be prepared.

Date of Next Meeting

3.        The Committee was scheduled to meet on July 16, 2014.

Adjournment

4.        The meeting adjourned at 4:31 p.m.