FY2015 comprehensive Annual Financial Report; Iowa Public Employees’ Retirement System, December 18, 2015

(2015) FY2015 comprehensive Annual Financial Report; Iowa Public Employees’ Retirement System, December 18, 2015. Iowa Public Employee Retirement System

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Abstract

This publication fulfills the requirements set forth in Iowa Code section 97B.4(4)(a). The preparation of this report and the financial statements are the result of the combined effort of the System’s staff under the direction of the management and CEO, who are responsible for the contents of the report. IPERS’ objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements since the cost of internal control should not exceed the benefits obtained. To that end, IPERS’ administration maintains an internal accounting control system. It ensures that transactions are executed as intended by the administration, assets are accounted for, and the records of transactions are sufficient to permit preparation of the financial statements. Financial statements must be consistent with generally accepted accounting principles (GAAP) for governmental accounting and reporting. GAAP are pronounced or adopted by the Governmental Accounting Standards Board (GASB).

Item Type: Departmental Report
Keywords: IPERS, Finance, Agencies, State
Subjects: Government finance and taxes > State finance
State government > State audits and studies
State government
ID Code: 28400
Deposited By: Margaret Barr
Deposited On: 29 Oct 2018 18:20
Last Modified: 29 Oct 2018 18:20
URI: http://publications.iowa.gov/id/eprint/28400