Auditing Services and Financial Statement Compilation

The Commonwealth of Kentucky, Personnel Cabinet, Department of Employee Insurance is seeking proposals from independent certified public accountants to prepare annual financial statements of the public employee health insurance trust fund. The selected contractor will be responsible for reviewing financial data, developing annual financial statements, and auditing the trust fund as necessary. The contractor will also provide additional compilation work, advice, and consultation as requested by the Department of Employee Insurance. • The trust fund provides health insurance to approximately 300,000 employees and their dependents. • The contractor will be required to compile financial statements, including a statement of net position and related statements of revenues, expenses, and changes in net position. • The contractor will also be required to perform an audit of the trust fund, including a financial statement audit and a report on compliance and internal control over financial reporting. • The contractor will be required to provide a draft copy of the year-end financial statements and Closing Package to the Department of Employee Insurance by September 1. • The contractor will be required to deliver an electronic copy of the final fiscal year-end financial statement and any other required reports to the Department of Employee Insurance by September 15.