Florida State Board of Administration, Tallahassee, is searching for auditing firms to conduct a performance audit of the $137.56 billion Florida Retirement System and other funds under its investment oversight. The board oversees a total of $187.5 billion in assets.
FSBA officials want the audit to address investment guidelines, policies and statutes pertaining to the funds, as well as compliance and appropriateness of the investments for the objectives of the funds. The review also will include examination of investment benchmarks, asset allocation, holding and sale guidelines and reporting and disclosure of activities. Among other issues it will look at safeguards in place to deal with adverse markets and liquidity problems.
The request for quotes is available at www.sbafla.com. Proposals are due Feb. 14. The board expects to make a selection Feb. 25.