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Arizona State Retirement System·Arizona

ASRS Internal Audit Services

Closes 10/30/2026$2M – $5MRequest for Proposal
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Description

The Arizona State Retirement System (ASRS) is seeking qualified firms to co‑source internal audit services across a broad set of functional areas. The contractor will provide independent assurance, advisory, and consultative audit engagements covering member benefits, employer compliance, investment operations, pension accounting, information‑technology and cybersecurity, and administrative governance. Work will be performed under the direction of ASRS’s Chief Internal Auditor/Executive Director and may be issued via task orders on an as‑needed basis, with a contract term of up to five years and the possibility of multiple awards. • Core audit domains: benefits & employer compliance, investment operations, pension accounting, IT & cyber security, governance & third‑party risk. • Required certifications: GovRAMP Core status within 12 months, security compliance with AZDOHS Information Security Program, and adherence to IIA/IPPF audit standards. • Fixed‑price, firm‑price contract with “best‑pricing” warranty; no guaranteed minimum volume. • Contractor must maintain extensive insurance (CGL $2 M, professional liability $2 M, cyber liability $2 M), obtain background checks for personnel, and submit quarterly usage reports.

Attached files

Contact

Athena Elliston(Procurement Officer)

[email protected]

Key dates

Opened
9/18/2026
Pre-bid meeting
10/23/2026
Closes
10/30/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
BPM007768

Budget estimate

$2,000,000 – $5,000,000

No contract value is disclosed, but state‑level internal‑audit contracts of this scope typically range from $2 million to $5 million annually, depending on hours, staffing levels, and the extent of IT/cybersecurity work. Assuming the full five‑year term, the total contract value could be roughly $10 million to $25 million. This estimate reflects the breadth of audit categories, required security certifications, and the firm‑fixed‑price, “as‑needed” nature of the work.

AI estimate from the solicitation

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