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Audit and Actuary Letters MPSERS

Audit and Actuary Letters MPSERS

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Published by R1Lawrence
The two letters which present mutually exclusive statements as to what has actual occurred in the audit. The auditor states they did not audit the actuary assumptions, the actuary says the auditor does audit the assumptions annually. Someone is clearly mistaken.
The two letters which present mutually exclusive statements as to what has actual occurred in the audit. The auditor states they did not audit the actuary assumptions, the actuary says the auditor does audit the assumptions annually. Someone is clearly mistaken.

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Published by: R1Lawrence on Mar 15, 2010
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03/15/2010

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FINANCIAL SECTION

Independent Auditor’s Report

16 • MICHIGAN PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM

FINANCIAL SECTION
Independent Auditor’s Report (continued)

The actuary indicates that the auditor DID review the actuarial section -- this is a major inconsistency.

MICHIGAN PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM • 17

ACTUARIAL SECTION
Actuary’s Certification

No, they did not and they say they did not, see page 17 of audit.

86 • MICHIGAN PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM

ACTUARIAL SECTION
Actuary’s Certification (continued)

MICHIGAN PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM • 87

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