CalPERS dumps Deloitte for local firm
Macias Gini & O’Connell LLP scores a coup, reports the Sacramento Business Journal.
The nation’s largest public pension fund, with $210 billion in assets switched from Deloitte, the world’s second-largest accounting firm, which had had the previous five-year audit contract. Macias Gini & O’Connell specializes in public-sector accounting and auditing and already audits dozens of public pension funds, including the Sacramento County Employees’ Retirement System. The company is in its second year auditing the California State Teachers’ Retirement System, the nation’s second-largest public pension fund, with more than $140 billion in assets.
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