STATE OF WISCONSIN DEFERRED COMPENSATION BOARD
FINANCIAL STATEMENTS AUDIT CONTRACT
REQUEST FOR PROPOSAL
ETG0008
The State of Wisconsin Deferred Compensation Board (Board) is requesting proposals for financial statements audits of the Wisconsin Deferred Compensation (WDC) Program for State of Wisconsin and local Wisconsin government employees.
The WDC is an unbundled supplemental retirement savings program authorized under Section 457 of the Internal Revenue Code. It was created by Wisconsin Laws of 1981 Chapter 187 and established in 1982 for state employees. It has been available to local employers since 1985. The WDC is administered through the Department of Employee Trust Funds and governed by Chapter 40 of the Wisconsin Statutes.
The Board will use the results of this process to award a contract to provide financial statements audits of the WDC beginning January 1, 2008 and lasting for three calendar years. An option to extend the contract for two additional two year periods (subsequent calendar years) may be included, subject to the satisfactory negotiation of terms (including prices acceptable to both the Board and the selected firm).
The financial statements audits are to be performed in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits set forth in the U.S. Government Accountability Office's (GAO) Government Auditing Standards (2003), issued by the Comptroller General of the United States. The last financial statements audit of the WDC was for the eleven-month period ending November 30, 2005. A thirteen-month financial statements audit for the period ending December 31, 2006 is expected to be completed later in 2007.
Each proposing company must demonstrate, to the satisfaction of the Deferred Compensation Board, that it is capable of completing quality financial statements audits for the WDC Program.
The deadline for submitting a proposal in response to this request is 2:30 p.m., April 12, 2007. Download and print "2007 WDC fin stmts RFP" for a complete copy of the financial statements audit RFP. Contact Shelly Schueller via email at shelly.schueller@etf.state.wi.us with any questions regarding this RFP.
| Process Updates |
| 06/22/12 | Contract Documents Posted |
| 04/10/07 | Vendor Questions and Answers, Set 2 |
| 03/29/07 | Vendor Questions and Answers, Set 1 |
| Excel file: WDC local employers and participants by employer | |
| Great-West Retirement Services SAS 70 Report (10-1-05 to 9-30-06) | |
| WDC Financial Statements (11-30-05 and 12-31-04) | |
| SAS 61 Report (11 month period ended 11-30-05) | |
| 03/15/07 | Vendor Conference (Section 1.5 and 1.7) |
A vendor conference will be held on Wednesday, March 21, 2007 beginning at 10:00 am in Room GA at the Department of Employee Trust Funds, 801 W. Badger Road, Madison, Wisconsin. Vendors interested in participating via teleconference should call 608-265-1000. Enter passcode 0226, followed by the "#" sign. |
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The responses will be posted on the ETF Extranet Web site as they are completed. We expect to complete the process by March 29, 2007. |
| Contract |
| 12/19/13 | CliftonLarsonAllen Financial Audit of WDC 2013 and 2014 |
| 01/01/12 | Clifton Gunderson Financial Audit of WDC 2010 and 2011 |
| 01/01/07 | Clifton Gunderson Financial Audit of WDC 2007, 2008 and 2009 |
| 06/30/11 | Clifton Gunderson Financial Audit of WDC Cost Proposal |
WDC - Financial Statements Audit
Contract RFP
Section D - Cost Proposal
Worksheet XLS