Minnesota Office of the Legislative Auditor
Financial Audit Division

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Report Summary
Teachers Retirement Association
Financial Statement Audit

 

Financial Audit Division Report 13-34 Released December 20, 2013

Conclusion

The Teachers Retirement Association’s (TRA) financial statements for the year ended June 30, 2013, were fairly presented, in all material respects, in accordance with generally accepted accounting principles.

Our report on internal controls and compliance over financial reporting did not include any findings.

Audit Objectives and Scope

Audit Objectives:
  • To audit TRA’s basic financial statements for the fiscal year ended June 30, 2013.
  • To report on TRA’s internal controls and compliance over financial reporting.
Audit Scope:
  • Cash and Investments
  • Contributions and Investment Income
  • Benefit Payments

Office of the Legislative Auditor ♦ Room 140, 658 Cedar St., St. Paul, MN 55155