Florida State Board hires new auditor

Florida State Board of Administration, Tallahassee, hired Crowe Horwath to audit the financial statements of the Florida Retirement System's $140.8 billion defined benefit plan and its $8.4 billion 401(a) defined contribution plan, said John Kuczwanski, FSBA communications manager, in an e-mail.

The FSBA, which oversees $177 billion in assets including those of the two retirement plans, issued an invitation to negotiate in March in anticipation of incumbent Ernst & Young's contract expiring. EY was allowed to rebid.