TRS Internal Audit Plan and Reports

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Teacher Retirement System of Texas Internal Audit department complies with the Texas Internal Auditing Act, Government Code, Chapter 2102, as amended by House Bill 2485 during the 78th Legislature and House Bill 16 during the 83rd Legislature.

House Bill 16 amended the Texas Internal Auditing Act to require state agencies and institutions of higher education, as defined in the bill, to post agency internal audit plans and internal audit annual reports to the Internet within 30 days of approval. House Bill 16 also requires entities to update the posting on the Internet to include a summary of the actions taken to address concerns, if any, that are raised by the audit plan or annual report.

TRS Internal Audit Plan is approved each fiscal year by the TRS Board of Trustees as recommended by the TRS Audit Committee of the board.

TRS Internal Audit Annual Report is prepared annually by TRS Internal Audit staff in accordance with the Texas State Auditor's Office guidelines by the required deadline. The annual report is approved by the Chief Audit Executive and the Executive Director and submitted to the Governor, the Legislative Budget Board, the Sunset Advisory Commission, the State Auditor's Office (SAO), and the TRS Board of Trustees.

Summaries of actions taken to address concerns in the audit plan or annual report are provided in the quarterly TRS Audit Committee materials. The audit committee materials provide audit reports completed during each quarter, quarterly status reports on management action on outstanding audit recommendations, and the status of the current fiscal year audit plan. The individual audit reports provide the results, recommendations, and management actions taken to address the audit recommendations.

The TRS Internal Audit Plan, the TRS Internal Audit Annual Report, and quarterly TRS Audit Committee materials can be viewed below.

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