May 28, 2026Board meeting
Illinois Municipal Retirement Fund Audit Committee Audit Committee Meeting
The Audit Committee meeting covered presentations regarding the 2025 SOC 1 Type 2 report and financial statement audit results. The committee reviewed and accepted the 2025 SOC 1 Type 2 engagement and the 2025 Annual Comprehensive Financial Report. Discussions also included the staff recommendation for audit services for the period 2026-2030 and the corresponding contract recommendations to the Board of Trustees. Additionally, reports were presented on the 2025 Employer Compliance Review Plan and the 2025 Internal Audit Plan, including updates on the Internal Audit Strategic Plan and a draft fraud matrix. The committee also held private sessions with both external and internal auditors.