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PERS auditors issue clean opinion; staff plans to double employer audits

Public Employees Retirement System of Mississippi Board · December 18, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

External auditors reported unmodified (clean) opinions on PERS financial reports and no internal control findings. Director Higgins told the audit committee the agency will "double" employer‑audit efforts next year with a goal of auditing about 20% of employers on a five‑year cycle.

The Public Employees Retirement System of Mississippi received clean audit reports and no internal control findings, and staff said it will expand employer audit work next year.

At the audit committee meeting, Director Higgins described the agency's employer‑audit function and said it is performed primarily by two outside CPA firms and a contracted internal audit provider. "We are going to basically try to double our efforts on the employer audit function and add some additional resources and get to where…

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