District of Columbia Retirement Board

Buyer seeks a qualified certified public accounting firm to audit its financial statements for the fiscal years ending September 30th. The scope includes performing annual financial statement audits, reviewing the Annual Comprehensive Financial Report, auditing GASB 67 schedules, and providing other accounting and consulting services as needed. Buyer requires the auditor to evaluate internal controls, assess fraud vulnerability, and present findings to the Audit Committee and Board.

• 4/30/2025 - Issue Date
• 5/21/2025 - Proposal Due Date
• 8/15/2025 - Contract Start

• Prior experience auditing similar sized government agencies and pension plans
• Staff must have professional qualifications and technical abilities
• Must have undergone external quality control review with satisfactory results
• Must provide Peer Review Quality Control Final Report

• Perform annual attest audit of financial statements in accordance with GAAS
• Present audit reports and findings to DCRB Audit Committee and Board
• Review and provide opinion on Annual Comprehensive Financial Report
• Audit GASB Statement No. 67 schedules and related notes
• Evaluate adequacy of internal financial controls with emphasis on fraud vulnerability
• Conduct fraud vulnerability assessment of previous years
• Review Office of DC Pensions Quarterly Expense Reports
• Ensure compliance with current professional standards and regulations
• Meet with Board Audit Committee without management present
• Review ACFR for compliance with GFOA's Certificate of Achievement program