Jun 9, 2026BoardMeeting
BoardVirginia Retirement System Audit And Compliance Committee Meeting Minutes
The committee received an update on the status of the 2025 Employer Assurances Review and conducted an entrance conference regarding the 2026 Annual Comprehensive Financial Report. Members reviewed and accepted two audit reports concerning the Private Equity Program and Service Retirements, noting that the former requires no further recommendations while the latter yielded one recommendation. Additionally, the committee approved the Internal Audit fiscal year 2027 performance and oversight reporting approach, reviewed a quarterly report on fraud, waste, and abuse cases, and examined management's quarterly travel expense and per diem report.