Fiduciary Performance Audit Services

The Vendor is required to provide the agency monitors self-insuring employers, who administer their own workers' compensation claims. 
- Presently, the agency processes claims, pays compensation and medical benefits to injured workers, and underwrites workers’ compensation coverage for employers doing business in the state.
- The fiduciary performance audit must include an audit of the investment policies approved by the agency board and of the investment procedures of the agency, including: 
•    Assessing governance, independence, and conflict of interest;
•    Assessing policies and procedure for investment decision making;
•    Assessing investment strategy and execution, including performance of the investment program;
•    Assessing controls and safeguards; and,
•    Preparing, completing, and delivering audit reports.  
- Must identify an audit manager for the audit who is a certified public accountant.
- The assessment of asset allocation.
- The assessment of controls and safeguards in the investment process.

- Contract Period/Term: 2 years
- Questions/Inquires Deadline: January 23, 2026