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Audit Audit of the Pension Reserves Investment Management Board

An audit of PRIM's compliance with its policies and procedures for procurement of investment management and professional services. The audit examines the period of July 1, 2015 through June 30, 2017.

Organization: Office of the State Auditor
Date published: April 23, 2018

Executive Summary

In accordance with Section 12 of Chapter 11 of the Massachusetts General Laws, the Office of the State Auditor has conducted a performance audit of the Pension Reserves Investment Management Board (PRIM) for the period July 1, 2015 through June 30, 2017.

In this performance audit, we examined PRIM’s compliance with its policies and procedures for procurement of investment management and professional services, as well as the reasonableness of certain travel expenses incurred by PRIM staff members.

Our audit revealed no significant instances of noncompliance by PRIM that must be reported under generally accepted government auditing standards.

The PDF version of the audit of the Pension Reserves Investment Management Board (PRIM) is available here.

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