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State Treasury Forensic Accounting Review Final Report
South Carolina Department of Administration AlixPartners LLP
South Carolina Department of Administration
AlixPartners LLP
Abstract
In the State of South Carolina 2022 Annual Comprehensive Financial Report that was released on November 29, 2022, the State disclosed a restatement which decreased reported cash by a total of $3.5 billion. As a result, the Subcommittee of the Senate Finance Committee conducted a public hearing over the facts surrounding the restatement. The South Carolina General Assembly included a Proviso that required the Department of Administration to engage an independent forensic accounting firm to conduct a forensic accounting review of all cash and investments held in the State Treasury. This is that report.
Issue Date
2025-01-15
Keywords
Budget--South Carolina, South Carolina--Auditing, South Carolina. Annual Comprehensive Financial Report
Type
Document
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
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