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Request for Proposal (RFP) Auditing Services
SamCERA is soliciting proposals from qualified and experienced certified public accounting firms to serve as an independent auditor as described in detail in the RFP document.

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Overview

SamCERA is soliciting proposals from qualified independent certified public accounting firms, commencing with the annual audit for the fiscal year ending June 30, 2019, (1) to audit and render an opinion on its annual financial statements and other information, and (2) to issue annual reports on compliance and internal controls. The anticipated initial term of the contract will be for five years with a start date of May 1, 2019.

SamCERA is seeking proposals from firms that meet or exceed the following qualifications:

  • The firm must meet all minimum qualifications set forth in the State Controller Guidelines. 
  • The firm must be an independent public accounting firm licensed by the State of California under the Accountancy Act, Article 4, Section 5070.
  • The firm must have conducted, within the last five years, at least two audits of defined benefit pension plans of public agencies falling under California’s County Employees Retirement Law (CERL) of 1937 (California Government Code Section 31450 et seq., “the 1937 Act”) with assets exceeding $1 billion.
  • The firm must have experience in auditing the following classes of investments: equity securities (domestic, global & international), public market commingled funds, fixed income securities/ bonds, real assets – private real assets including private real estate, alternative investments (private equity, private credit funds, hedge funds) and securities lending.
  • The Engagement Partner responsible for the SamCERA audit, and the partner who signs the audit opinion (if different), must have at least ten years of experience in public accounting.  Such experience must include audits of defined benefit pension plans.  This person must be a Certified Public Accountant licensed by and in good standing with the California Board of Accountancy. 
  • The Engagement Audit Manager responsible for the SamCERA audit must have at least five years of experience in public accounting.  Such experience must include audits of defined benefit pension plans.  This person must be a Certified Public Accountant licensed by and in good standing with the State of California.
  • The Engagement On-Site Audit Supervisor responsible for the SamCERA audit must have at least three years of experience in public accounting.  Such experience must include audits of defined benefit pension plans.  This person must be a Certified Public Accountant licensed by and in good standing with the State of California.

Schedule of Events

Schedule of RFP Events is set forth in the chart below and may be subject to change:

EVENT

DATE

Release of RFP

January 7, 2019

Deadline for Written Questions

January 22, 2019

Release of Responses to Written Questions

January 24, 2019

Proposal Due Date and Time

February 19, 2019 by 12:00 p.m.

Notification of Presentations

TBD

Finalist Presentation(s)

TBD

Approval to Enter into Contract

by Board of Retirement

March 26, 2019

Anticipated Contract Start Date

May 1, 2019

For a copy of the RFP document, which contains details regarding the requested services, instructions for submitting questions, and proposal submission requirements, send your request to proposals@samcera.org.

A list of the proposers’ questions and SamCERA’s responses is now available. For a copy, send your request to proposals@samcera.org.
 

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