.......
Gavi Alliance
Audit & Finance Committee Meeting
26 July 2018

AFC -2018 -Mtg -05 1




G avi Alliance Audit and Finance Committee Meeting
26 Ju ly 2018
Teleconference


1. Executive session with the independent auditor

1.1 Finding a quorum of Audit and Finance Committee (AFC) members present, the
meeting commenced at 16. 00 Geneva time on 26 July 2018. David Sidwell, AFC
Chair, chaired the meeting.

1.2 The Committee held an executive session with Pierre -Henri Pingeon and Evgenia
Lopushanskaya from KPMG, Gavi?s independent auditor, to discuss conduct of the
2017 audit (Doc 01 in the Committee pack ). See separate confidential notes.

1.3 The Committee convened in open session at 16.35 .

------

2. Chair?s report

2.1 Standing declarations of interest were tabled to the Committee (Doc 02a).

2.2 The Committee noted the approval of the minutes of its meeting on 4 June 2018
by no objection consent on 23 July 2018 (Doc 02 b). The Committee also reviewed
its action sheet (Doc 0 2c) and its forward workplan for 2018 (Doc 0 2d).

2.3 It was confirmed that a session will take place at the AFC meeting in October in
person regarding the Gavi grant management system .

------

3. 2017 Annual financial Report

3.1 Louis Mkanganwi, Director, Financial Accounting and Reporting , presented the
Gavi Alliance Annual Financial Report (AFR) for the year ended 31 December
2017 ( Doc 03, Annex B ).

3.2 Mr Mkan ganwi confirmed that all internal reviews of the AFR were complete and
that previously proposed amendments from the Committee had been incorporated .
He also explain ed that the report would be updated to reflect that the lease for the
Global Health Campus had now been signed, wit h a recorded start date of
February 2018.



Minutes