PERAC’s Audit Unit is responsible for performing a triennial audit of each retirement system to ensure that all financial and managerial functions are being performed in accordance with statute and regulation.
The guidelines for the triennial audit are encompassed in the Internal Control Questionnaire.
PERAC field auditors not only perform audits but also provide technical assistance as needed. It is the goal of the Auditing Unit to provide education and training to all retirement system staff in the financial operations of the retirement systems. We develop training programs to assist new retirement staff as well as provide ongoing training for existing staff.
Contact the Audit Unit at 617-666-4446, extension 923 if you have any questions.