Employees Retirement System City Of Saint Louis

Buyer seeks to engage an independent auditor for a three-year period to perform annual audits of its retirement system financial statements. The audits must comply with generally accepted accounting principles and include examination of employer allocations and pension amounts. Buyer requires the audit to be completed by the last Monday of February each year, with the on-site portion completed within two weeks.

• 10/1/2024 - Contract Start Date
• 5/5/2025 - Proposal Due Date
• 9/30/2025 - First Audit Period End
• 9/30/2026 - Second Audit Period End
• 9/30/2027 - Third Audit Period End

• Must have certificate and permit to practice from Missouri State Board of Accountancy
• Must be independent auditors with no conflicts of interest
• Current in all applicable taxes and licenses due to City of St. Louis

• Perform annual financial statement audit in accordance with GAAP
• Examine Schedule of Employer Allocations and Pension Amounts according to GASB standards
• Complete on-site audit within two weeks
• Review draft reports with System personnel before final submission
• Present final audit to Board of Trustees
• Provide 15 copies of final reports and electronic PDF file
• Maintain working papers for five years for review
• Comply with GASB Statements 67, 68 and subsequent standards
• Complete audit by last Monday of February each year
• Evaluate internal controls and provide management findings report