Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Public Employees Retirement Association
Financial Statement Audit

 

Financial Audit Division Report 11-05 Released March 2, 2011

Conclusion

The Public Employees Retirement Association’s (PERA) financial statements were fairly presented in all material respects. However, PERA had a weakness in internal control over financial reporting, as noted below.

Finding

  • PERA did not properly report derivative information in its draft financial statement footnote disclosures.

Audit Scope

We audited PERA’s basic financial statements for the fiscal year ended June 30, 2010.

More Information

Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155