State of Delaware Office of Pensions

The buyer is seeking proposals from certified public accounting firms to perform financial statement audits and related schedules for the Delaware Public Employees' Retirement System. The engagement is for fiscal years 2025-2027, with two optional one-year extensions. The audits must be conducted in accordance with applicable AICPA and Government Auditing Standards. The selected firm will evaluate internal controls, communicate findings, and present results to the Board and Audit Committee.

• 3/3/2025 - Deadline for Proposal Questions
• 3/10/2025 - Written Answers Posted
• 3/21/2025 - Proposal Due Date

• Valid Delaware CPA licenses for all CPAs on engagement team
• Valid Delaware firm professional license
• Current State of Delaware business license
• Most current peer review
• Compliance with GAGAS peer review requirements
• No disciplinary actions or inquiries in past 5 years

• Conduct audit of DPERS financial statements
• Audit Schedules of Employer Allocations and Pension Amounts
• Audit Delaware OPEB Fund financial statements
• Audit Schedules of Employer Allocations and OPEB Amounts
• Prepare audit reports in accordance with GAAP and GAGAS standards
• Evaluate and test internal controls
• Communicate audit findings and recommendations to management
• Present audit results to Board and Audit Committee
• Maintain audit documentation for 5 years
• Complete background checks for all audit staff