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Regents approve KPMG as external auditor and accept required report under state assembly bill (item c1, c2)
Summary
The Board of Regents approved a five‑year contract to retain KPMG as the system’s external auditor beginning with the 2026 fiscal year and approved an annual compliance report required by a state assembly bill; the KPMG selection followed a competitive RFP and the Regents approved the items by roll call.
The Board of Regents approved appointing KPMG as the University of California’s external auditor for a five‑year term beginning with the fiscal year ending June 30, 2026, following a competitive bidding process.
Barbara Savallos, systemwide controller, told Regents that six firms submitted proposals—BDO, CLA, Grant Thornton, KPMG, Moss Adams and PricewaterhouseCoopers—and that a 22‑member…
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