Department of Retirement Systems contracts with CPA firm for GASB 68 audits
Dec 30, 2016
For the past three years we have worked with the Department of Retirement Systems (DRS) to perform the GASB 68 census data audits at state and local government employers. We have enjoyed working with all of our state and local government partners to complete this important work for our state.
DRS recently contracted with Clifton, Larson, Allen, LLP (CLA) to perform this work going forward. This CPA firm has contracted with DRS for many years, including auditing the DRS ACFR. DRS informed the State Auditor's Office that they were happy both with our work and the relationship we have developed–the decision to contract with CLA simply provides them with administrative efficiency by having one point of contact for all of the work performed.
DRS is currently working with CLA to determine which entities will be audited during the upcoming year. They are also working on communication that will go out to all state and local government employers. You can expect a similar timeline as in the past, with work beginning in January or February each year and wrapping up by August 31st. DRS will inform employers who have been selected for audit in January 2017, and CLA will contact you to schedule the engagement. If you have any questions you can contact employer support services at firstname.lastname@example.org
For further resources, please visit the DRS website.