TRS staff is testing employer census data. TRS auditors are also testing eligibility and compensation for accuracy, completeness, and compliance with TRS Laws & Rules.
See also the GASB 68 – Census Data Testing for more information.
Documentation may include, but not limited to:
- Organization Chart/Staff Directory
- Current employee listing and position title
- Entire payroll registers
- Personnel/employee contract files, job descriptions
- Detailed support to the information submitted on reports to TRS
TRS Internal Audit uses objective criteria and detailed risk analysis to select the reporting employers to audit. Information we use in our risk analysis may include but is not limited to: historical data and contributions reported to TRS, reporting anomalies, formal complaints, and areas of interest to TRS management.
TRS will send an engagement letter to the head of institution at the reporting employer prior to the audit.
TRS auditors will conduct onsite and offsite audits. We may also ask reporting employers to send certain data and information electronically to TRS auditors using a secure transmission protocol.