Upcoming Procurement Data
General Information
Solicitation Title:
Independent Auditor Services
Agency:
State Employees' Retirement System
Existing Contract Number:
4300288253
Proposed Solicitation Date:
9/15/2015
Contract Expiration Date:
6/30/2016
Proposed Method of Procurement:
RFP
Description:
The State Employees' Retirement System is required by law to provide for an independent audit of its financial records in order to satisfy its fiduciary responsibilities to the Commonwealth of Pennsylvania, members of the retirement system, and the public. An audit strives to ensure that the financial accounts are properly administered, financial statements are presented in conformity with US GAAP and that the system of internal controls is adequate to safeguard the assets of the fund.
The selected Offeror will perform an annual independent financial audit of SERS' financial statements as of and for the years ended December 31, 2016-2020, and that the contractor provide similar audits of the DCP financial statements for the same periods and conducted under the auditing standards generally accepted by the United States and by the American Institute of Certified Public Accountants (AICPA). Separate audit opinions, accompanying financial statements and note disclosures must be issued for SERS and the DCP in accordance and conformity with accounting principles as issued by the Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB). If applicable, the contractor should include management letters which include comments and recommendations for improvement in accounting procedures and overall system of internal control of SERS and the DCP identified during the independent audit and hold a post-audit conference with the Audit Committee of the SERB as required by Statement of Auditing Standards 114. In addition, the Offeror may be asked to provide other related audit and financial reporting services such as technical guidance on interpretation and implementation of new accounting principles and financial reporting standards, post-implementation review of systems upgrades, etc.
Review Information
Issuing Office:
State Employees' Retirement System
Contact Person:
Joshua Smith
Contact Email:
smjoshua@pa.gov