Florida State Board of Administration, Tallahassee, is searching for auditing firms to be placed on a preapproved list for a range of assignments over the next three years, according to request for quote on the board’s website.
The independent audit committee of the FSBA, which oversees $133.5 billion in assets, would hire the firms as needed.
Proposals for the RFQ, posted at http://www.sbafla.com, are due Dec. 6. The board expects to make selections in January.
The FSBA independent audit committee is creating the pool to assist it in its responsibilities to oversee FSBA in financial reporting, internal controls and risks assessment, audit processes, and compliance.
Ernst & Young, hired by FSBA last April as the first external auditor for the financial statements of Florida Retirement System’s $118 billion defined benefit fund and $5.6 billion 401(a) defined contribution fund, would be allowed to bid for inclusion in the pool, according to John Kuczwanski, FSBA communications manager.