A Report on the Audit of the Teacher Retirement System’s Fiscal Year 2022 Financial Statements
In our audit report dated November 18, 2022, we concluded that the Teacher Retirement
System’s (System’s) basic financial statements for fiscal year 2022 were materially correct and
presented in accordance with accounting principles generally accepted in the United States of
America. The System has published our audit report as part of its basic financial statements on
its website athttps://www.trs.texas.gov/Pages/about_publications.aspx.
We also issued a report on internal control over financial reporting and on compliance and
other matters as required by auditing standards. Our procedures did not identify any material
weaknesses in internal control over financial reporting or any noncompliance with laws or
regulations that materially affected the financial statements. In addition, the major internal
controls that we tested for the purpose of forming our opinions on the financial statements
were operating effectively.