CalPERS Names Larry Jensen as Chief Auditor.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec. 6, 2002 The California Public Employees' Retirement System (CalPERS) today announced the appointment of Larry Jensen as Chief of its Office of Audit Services, which helps the System manage business risks and improve its processes. Jensen, who joined CalPERS in June 1995, has served as Acting Chief of Audit Services since October, when Thomas Britting retired from the post. "Larry has been a real asset to Audit Services and to the entire organization," said General Counsel Peter Mixon, who announced Jensen's selection by the CalPERS Board of Administration. "I expect that he will continue to excel as the new chief." Jensen will oversee a staff of 30 auditors and report to Mixon, to Chief Executive Officer Fred Buenrostro, and to the Board's Finance Committee. The Office of Audit Services performs operational, financial, performance, and information systems reviews of CalPERS' internal and administrative controls Direction or exercise of authority over subordinate or other organizations in respect to administration and support, including organization of Service forces, control of resources and equipment, personnel management, unit logistics, individual and unit training, readiness, mobilization, . It also provides consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the Board and executive managers. Prior to becoming Acting Chief Auditor, Jensen was a senior management auditor over one of the office's five teams. He served earlier as an associate management auditor upon coming to CalPERS from California State University, Sacramento California State University, Sacramento, more commonly referred to as Sacramento State or Sac State, is a public university located in the city of Sacramento, California, USA. It is part of the California State University system. , where he had been an accountant and auditor since March 1986. Jensen has a bachelor's degree in accounting and is a certified internal auditor Internal auditor An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations. , certified information systems auditor and certified government financial manager A Certified Government Financial Manager (CGFM) is a certification issued by the Association of Government Accountants (AGA). It was created in 1994 to provide a professional standard of financial expertise and ethics in government. . He is President-elect of the Sacramento Chapter of the Institute of Internal Auditors “IIA” redirects here. For IIA in decision theory, see Independence of irrelevant alternatives. Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association of more than 128,000 members with global headquarters in . CalPERS is the nation's largest public pension fund with assets of $128 billion. The System provides retirement and health benefits to 1.3 million State and local public employees and their families. For further information on CalPERS, please visit the System's Web site at www.calpers.ca.gov. |
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