Special meeting to discuss the review of the policies and procedures of the State Board of Administration (SBA) with respect to the identification and selection of investment opportunities, the selection of investment managers, and the handling of public records requests. In addition, a discussion of any other matters within the purview of the IAC and/or the Audit Committee may be addressed. The IAC is a nine-member advisory council, which reviews the investments made by the staff of the State Board of Administration and makes recommendations to the board regarding investment policy, strategy, and procedures. The IAC operates under Section 215.444, Florida Statutes. The Audit Committee is comprised of three members whose purpose is to monitor the SBA’s processes for financial reporting, internal controls and risk assessment and compliance. The Audit Committee operates pursuant to Section 215.44(2)(c), Florida Statutes.