West Virginia Investment Management Board issues auditor RFP
By Hazel Bradford | November 15, 2012 2:23 pm
West Virginia Investment Management Board, Charleston, issued an RFP for audit services for the current fiscal year ending June 30, 2013.
The audit will cover the $13.2 billion in assets managed by the investment board, including defined benefit pension plans and other trusts. The contract would be automatically renewed annually, unless changed.
The board “would prefer that the firm quote an all-inclusive, guaranteed fixed fee,” according to the RFP. The firm must be licensed to practice in West Virginia.
The selected firm “should be prepared to commence planning and internal controls testing soon after their appointment,” and audit opinion letters would be expected in early September 2013, the RFP states.
The RFP is available from the board's website. Bids are due Dec. 3, and the contract award is scheduled for February 2013.
Calls to the investment management board were not returned at press time.