Audit Committee Minutes of Meeting February 13, 2023 - Record of Approvals December 2

Jul 19, 2026

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Audit Committee meeting minutes document the attendees, chair and committee members, officers and external auditors, and the agenda items reviewed on February 13, 2023. The committee discussed quarterly financial statements for MIGA, IBRD/IDA, and IFC, including management’s discussion and analysis and supporting presentations. The minutes also record approval and endorsement actions on an absence-of-objection basis between December 21 and December 22, 2022, referencing prior meeting minutes and endorsement/approval items, and the meeting adjournment time.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages3

Reading Time8 min

Attendance and Meeting Details

Present Members and External Auditors

Agenda and Discussions

Quarterly Financial Statements Review

Deloitte Client Service Plan Discussion

Adjournment and Approvals

Meeting Adjourned

Absence of Objection Approvals (Dec 21-22, 2022)

Minutes of Previous Meetings

Public Disclosure Authorized Public Disclosure Authorized AUDIT COMMITTEE FROM: The Committee Secretary Minutes of Meeting held on Monday, February 13, 2023 at 2:33 p.m. in the Board Room Present Committee Members: J. Chang (Acting Chair) L. Albisson (Alternate) K. Bawazier A. Bucalossi (Temporary Alternate) H. Demircan A. Dravniece (Temporary Alternate) A. Kugler FNU Parjiono (Alternate) Other Executive Directors, Alternates, Senior Advisors and Advisors F. Bilbeisi E. Busygin J. Diaz Sosa A. Elamin J. Freeman O. Fuentes Y. Gavish N. George A. Gonzalez K. Horvath A. Kiampuku R. Kumar J. Kurski D. Malaspina A McKiernan S. Mirjalili N. Putscher A. Sakaki H. Tavares L. Ung Officers and Staff S. Assalini M. Child B. Fischer J. Frazier F. Galizia T. Himmo A. Kant A. Kumar-Capoor M. Myers K. Nuri T. Obuya P. O’Connell X. Wang H. Jarik (Committee Secretary) Deloitte (External Auditors) R. Jasek A. VanFossen IBRD/IDA, IFC and MIGA Financial Statements as of December 31, 2022 (Unaudited) 1. The Committee discussed the Quarterly Financial Statements for “MIGA Condensed Quarterly Financial Statements – December 31, 2022 (Unaudited)”(AC2023-0003),“IBRD and IDA Management's Discussion and Analysis and Condensed Quarterly Financial Statements-December 31, 2022 (Unaudited)”(AC2023-0002) and “IFC Draft Management's Discussion and Analysis and Draft Condensed Consolidated Financial Statements-December 31, 2022 (Unaudited)”(AC2023-0001), together with the “Deloitte Presentation to the Audit Committee FY23 Q2: The World Bank Group (“WBG”) -Results of the Review of Interim Financial Information”(AC2023-0005) . The “WBGMDCFO Presentation: FY23 Q2 Financial Results (AC2023-0004) served as background information for the discussion. A report from the Committee to the Board was prepared. Deloitte-2023 Client Service Plan for the World Bank Group 2. The Committee met to discuss the document entitled “Deloitte-2023 Client Service Plan for the World Bank Group”(AC2023-0006) . A report from the Committee to the Board was prepared. Adjournment 3. The meeting adjourned at 5:10 p.m. The following item(s) have been approved/endorsed by the Audit Committee on an Absence of Objection Basis between December 21, 2022 and December 22, 2022 Minutes of Previous Meetings 1. The Committee recorded its approval on December 21, 2022 of the minutes of the meetings held on September 15, 2022 (AC/M2022-0019), September 21, 2022 (AC/M2022-0020), September 28, 2022 and record of endorsements on September 22, 2022 (AC/M2022-0021) and October 5, 2022 (AC/M2022-0022) . 2. The Committee recorded its approval on December 22, 2022 of the minutes of the meeting held on November 9, 2022 and Record of Endorsement on October 6, 2022 (AC/M2022-0023), December 7, 2022 and Record of Approvals and Endorsement between October 28 and November 18, 2022 (AC/M2022-0024) and December 14, 2022 (AC/M2022-0025) .

FAQs

Who attended the Audit Committee meeting held on February 13, 2023?

The minutes list the committee members, temporary alternates, officers and staff, and the external auditors from Deloitte, along with the committee secretary.

What financial materials were discussed during the February 13, 2023 meeting?

The committee discussed quarterly financial statements for MIGA, IBRD/IDA, and IFC, including management’s discussion and analysis, draft/condensed financial statements, and related Deloitte review presentations.

What approvals were recorded on an absence of objection basis between December 21 and December 22, 2022?

The minutes record approval of prior meeting minutes held on September 15, 21, 28 (and related endorsements/approvals) and October 5, plus approvals covering November 9 and related endorsements/approvals through December 14, 2022.

Jul 19, 2026

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