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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 selection committee scored written proposals, finalist presentations and fees. Management recommended KPMG; Savallos said the firm’s proposal produced a projected system savings of more than $8,000,000 over five years compared with the incumbent firm.
The board approved the recommendation by roll call vote.
Separately, the Regents voted to accept a required compliance report related to a state assembly bill that mandates reporting to the board before purchasing equipment listed as “military equipment” per the statute, an item presented as a consent matter (item c1). Regents discussed whether the action represented replenishing previously approved equipment and confirmed the item was a reporting requirement rather than a new procurement authorization.
Chair and members held brief clarifying exchanges on c1, including confirmation that some campuses are replenishing items already in approved kits and that an existing systemwide data‑sharing agreement governs certain campus health data. The c1 item was approved by roll call vote.
Both approvals were completed in the open session; the board moved to the next agenda items and then to a short closed session for compliance and audit follow up.
