Contractor will audit the financial statements of the Teacher Retirement Investment Company of Texas (“TRICOT”). Internal Audit provides opinions on governance, risk management, and controls as the result of an individual assurance project or as an overall opinion of the adequacy of governance, risk management, and control within the organization. The scope of work of the Internal Audit department is to determine whether the organization’s framework of risk management, control, and governance processes, as designed and represented by management, is functioning in a manner to ensure: Programs are operating within the highest fiduciary standards and are directed toward the requirements defined in the federal and state constitutions, laws, regulations, and TRS policies and procedures. Risks within and outside the organization are appropriately identified and managed. Risk and control information is effectively communicated throughout the organization. Ethics-related programs and activities are effective.
