Regulation
DOL Inspector General Says EBSA Lacks Resources to Audit Pensions
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
Tag: audit
News
Auditor of the State Completes Special Audit of Ohio STRS
Ohio STRS’ receives a clean audit of its operational efficacy in transparency, investment management, cost of living adjustments and usage of regional offices.
Pensions
Pennsylvania PSERS Hires Law Firms to Probe Reporting Error
‘Misstatement’ in 2020 financial reporting could lead to increase in teachers’ pension contributions.
Regulation
Arizona’s State Pension Contends With ‘Very Troubling’ Accounting Errors
Audit reveals a lack of internal controls may have misappropriated funds within the retirement system.
Pennsylvania Withholds City’s Aid over Investment Firm Hiring
Auditor general says the process to replace the investment manager was 'fatally flawed.'
PA Auditor General Calls for Further Fee Cuts at SERS
$178 million reduction in investment fees since 2007 is not enough.
PA SERS Praised by Dept. of Auditor General After Year-Long Investigation
Policies lauded for governance, portfolio management.
Newsmakers
Audit: Milwaukee County Pension Riddled with Errors
Audit going back 62 years has found that half the pension’s calculations had an error.
Newsmakers
Louisville Endowment Audit Finds Rampant Mismanagement
Scathing report accuses fund of poor oversight, depletion of funds, and unauthorized transactions.