AUDIT COMMITTEE                                76305
FROM: The Secretary, Audit Committee


                             Minutes of Interim Audit Committee Meeting
                                  held on Tuesday, November 13, 2012
                             at 9:02 a.m. in Conference Room (MC13-121)

Present

Committee
Mr. Cipollone (Chair)
Mr. Annamalai
Mr. Fayolle
Mr. Solomon
Mr. Tan
Ms. Thakur (Acting Alternate)
Ms. Vumendlini (Acting Alternate)
Mr. Whitehead

Other Executive Directors and Alternates
Messrs./Mmes. Alturki, Bor, Dufey, Fernando, Frieden, Gooch, Hua, Inaka, Kantor, Kivine, Le,
MacDonald, Mirjalili, Mufarrij, Ncube, Orlos, Pedro, Rissmann, Schalk, Souvannachoumkham, Swe,
Szczuka, Tchatchouang, Ubelis, Wang and Zang

Officers and Staff
Messrs./Mmes. Bravery, Du, Frazier, Hofman, Jessee, Khairi, Kollias, Kurtalic, Laakso, Lauwers,
Mahaffey, Mathur, Matthan, McDonough, Meyer, Muleri, Najafi, Ngata, Nicholls, Obuya,
Saavedra, Shyam-Sunder, Venner and Berger (Committee Secretary)

External Auditor (KPMG)
Messrs. Bendl, Broderick, McFaddin, Stephens, Sweeney and Ytzen


IBRD/IDA, IFC and MIGA Financial Statements as of September 30, 2012

1.       The Interim Audit Committee (the Committee) received briefings on and discussed the quarterly
financial statements as of September 30, 2012 for IFC (AC2012-0062), MIGA (AC2012-0061), and
IBRD/IDA (AC2012-0063), and KPMG Presentation to the Audit Committee, World Bank Group FY13
Q1 Audit (September 30, 2012) (AC2012-0064). The highlights and conclusions of its discussion were
circulated to the Board (AC/GS2012-0042).

Date of Next Meeting

2.        The Committee was scheduled to meet on December 3, 2012.

Adjournment

3.        The meeting adjourned at 10:14 a.m.