Annual Audit of Pension and Other Post-Employment Benefit Reports

This contract awards a three‑year, firm‑fixed‑price audit engagement to provide annual audit and assurance services for the State of California’s multiple‑employer defined‑benefit pension and OPEB plans, in accordance with GASB Statements 68 and 75 and SAS standards. The work includes issuing two pension audit reports, one OPEB assurance report per fiscal year, and a management‑assertion report on census data, all delivered by specified August/September deadlines. The State Controller’s Office requires the contractor to maintain a California office, meet strict information‑security agreements, and staff the engagement with two CPA partners (one Type A California CPA) who each have at least two years of relevant large‑entity pension/OPEB audit experience. The solicitation was open to competition, with a final proposal deadline of 2 April 2026, and the award intent announced on 21 April 2026. The total three‑year budget is capped at $2.061 million. • Scope: Full‑service annual audits of state‑wide pension and OPEB reports, compliance with GASB 68/75, SAS AU‑C 805 and SAS AT‑C 205. • Mandatory staffing: Two CPA partners (one Type A CA CPA) with ≥2 years experience on large governmental pension/OPEB audits. • Security & compliance: ISO‑004b/c agreements, Live Scan background checks, and strict data‑handling requirements.