A Financial Audit
A Report on the Audit of the Teacher Retirement System's Fiscal Year 2023 Financial Statements
November 2023
Summary Analysis
Independent Auditor's Report
In our audit report dated November 20, 2023, we concluded that the Teacher Retirement System's (System's) basic financial statements for fiscal year 2023 were materially correct and presented in accordance with accounting principles generally accepted in the United States of America. The System published our audit report as part of its basic financial statements posted on its website at https://www.trs.texas.gov/Pages/about_publications.aspx.
Report on Internal Control over Financial Reporting and on Compliance and Other Matters
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.