Government Contract | California
Board Consultant for Audits and Risk Management

Bid Information

Bid Alert No: 00000503204

Bid Title: Board Consultant for Audits and Risk Management

Agency Bid No. Title: 5000000551

Received Date: 03/08/2016

Close Date: 03/30/2016

Purchase Type: 8 years

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 03/09/2016 02:00 PM


Specifications include, but are not limited to:According to the CalSTRS Audit and Risk Management (ARM) Committee Charter (Exhibit J):The committee shall have the responsibility of designating at least one member asthe Audit Committee Financial Expert as defined by the Securities andExchange Commission (SEC). The members knowledge should include anunderstanding of generally accepted accounting principles for public pensionfunds issued by the Governmental Accounting Standards Board. If a financialexpert is not available on the committee, an experienced professional will beselected possessing the qualities listed in the SECs audit Committee FinancialExpert definition. Candidates for this non-voting position will be recommendedby Audit Services and CalSTRS executive management and approved by thecommittee.2. The services shall be performed at CalSTRS headquarters office or other designated locationof the ARM Committee meetings.3. The services shall be provided during the duration of the contract.4. The Financial Expert will serve as a consultant for the ARM Committee as a whole and actprudently to assist and advise the Committee in carrying out, at a minimum, the followingresponsibilities:a) TO RESPOND TOi. Questions regarding accounting and financial regulatory sources (GovernmentalAccounting Standards Board (GASB), Generally Accepted Accounting Principles(GAAP), Generally Accepted Auditing Standards (GAAS), etc.) and any changes tothese regulations that may impact or affect CalSTRS.ii. Financial matters related to public pension funds that may impact CalSTRS.iii. Issues related to fraud or misconduct within pension funds or other organizationssimilar in size and operations to CalSTRS.iv. The educational needs of the Audit Committee

Bid Related Documents

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Product Codes: 91804, 95861

Agency Information

Issuing Agency: State of California - Teachers' Retirement System State

State: California

Agency Type: State and Local

Contact: 100 Waterfront Place, West Sacramento



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