Whatever happened with the special audit performed by the Ohio Auditor of State?

On Dec. 29, 2022, the Ohio Auditor of State’s office released the report of its special audit of the State Teachers Retirement System of Ohio (STRS Ohio). The special audit found no evidence of fraud, illegal acts or data manipulation related to the funds held in trust by STRS Ohio for its members. The special audit’s findings include, “STRS’ organizational structure, control environment and operations are suitably designed and well monitored, both internally and by independent experts. These experts help assure that STRS follows applicable asset and liability measurement, reporting, investing and cash management laws, professional standards, and best practices. Our conclusions are consistent with the findings of these independent firms.” View more details about the special audit.