A Financial Audit
A Report on the Audit of the Teacher Retirement System’s Fiscal Year 2022 Financial Statements
December 2023
Summary Analysis
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.