North Dakota State Auditor's Office

Buyer seeks qualified independent CPA Firms to provide annual financial statement audits of the North Dakota Retirement and Investment Office and Public Employees Retirement System for fiscal years 2025-2027. The work includes auditing the combined and combining financial statements, Schedule of Employer Allocations, Schedule of Pension Amounts, and OPEB schedules. Audits must be conducted in accordance with generally accepted auditing standards and Government Auditing Standards. The auditor will test for compliance with applicable state and federal laws and deliver audit reports with presentations to relevant committees.

• 3/26/2025 - Deadline for Questions and Objections
• 4/4/2025 - Amendment with Responses Issued
• 4/23/2025 - Proposal Due Date
• 5/2/2025 - Proposal Evaluation Completed
• 5/2/2025 - Notice of Intent to Award
• 5/31/2025 - Contract Start

• Authority to conduct audits in North Dakota per NDCC 43-02.2
• Most recent peer review with rating of pass
• Independence in accordance with AICPA and Government Auditing Standards
• Audit team members meet continuing education requirements of GAS

• Audit financial statements of RIO and PERS for FY 2025-2027
• Audit Schedule of Employer Allocations and Pension Amounts
• Test compliance with state and federal laws
• Perform internal control testing for internal investment process
• Present findings to SIB audit committee and PERS Board
• Test census data for pension and OPEB reporting
• Conduct on-site fieldwork in Bismarck, ND
• Present to Legislative Audit and Fiscal Review Committee
• Identify pertinent issues and potential risks
• Coordinate with SAO on work and communications plan