RFP: Auditing and Consulting Services Pool

The Los Angeles County Employees Retirement Association (LACERA) requests proposals from qualified firms for the Internal Audit Division audit pool to perform auditing and consulting services. The Internal Audit Division will use the pool to conduct assurance, advisory, and value-added engagements in the areas of information technology, investments, organizational operations and internal auditing. Inclusion in the pool is for three years with an optional two one-year extensions. Interested firms are invited to respond to this RFP.

LACERA is seeking audit services in the following areas:

• Information Technology (IT) – These engagements will require extensive knowledge and experience in information technology risks and controls. Scope of services may include governance, risk, and controls of LACERA’s System Division and Information Security operations, LACERA’s IT network, architecture, applications, and projects.
• Investments – These engagements will require extensive knowledge and experience in investment related risks and controls. Scope of services may include engagement in the more complex areas related to LACERA’s investment portfolio. Services may also include advisory or co-sourced engagements and special projects. Current example of the latter includes advisory work related to investment risk assessments, investment accounting, middle and back-office operations and due diligence policies and procedures.
• Organizational – Scope of services may include evaluating the effectiveness of internal controls encompassing LACERA’s governance, and/or operations. Engagements could be conducted in any of LACERA’s divisions.
• Internal Audit – Scope of services to the Internal Audit Division will enhance audit competencies and improve operation efficiencies. Services include consulting on audit standards and emerging audit issues, as well as assistance in implementing audit best practices, and enhancing our quality assurance and improvement program.

Intent to Respond: Please submit the Intent to Respond, via email, by 5:00 p.m. PST, March 10, 2025, to the project manager, Leisha Collins at lcollins@lacera.com

Proposal Submission: Proposals for this RFP are due no later than 5:00 PM PST on March 17, 2025, to the Project Manager, Leisha Collins at lcollins@lacera.com

The following table provides a tentative schedule of important dates and deadlines for this RFP.

RFP Release Date

February 13, 2025

Written questions from Respondents due date

February 21, 2025

LACERA’s response to Respondents’ questions

February 28, 2025

Intent to Respond closing date

March 10, 2025

Proposal submission due date

March 17, 2025

Finalist Interviews (estimate)

April 24, 2025

Selection Notification (estimate)

April 25, 2025

Contract Commencement

Upon contract execution

All questions, inquiries, and requests for additional information concerning this RFP should be received no later than 5:00 PM PDT, February 21, 2025, and should be emailed to the project manager, Leisha Collins at lcollins@lacera.com . All questions received and responses thereto will be posted on LACERA’s website under the Business Opportunities section that relates to this RFP on or about 5:00 PM PDT, February 28, 2025.