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2021 South Carolina Code of Laws
Title 11 - Public Finance
Chapter 7 - State Auditor
Section 11-7-60. Cost of preparing Comprehensive Annual Financial Report; requests for proposal.
Universal Citation: SC Code § 11-7-60 (2021)
Each State agency shall remit to the State Auditor an amount representing an equitable portion of the expense of contracting with a certified public accounting firm to conduct a portion of the audit of the State's Comprehensive Annual Financial Report prepared by the Comptroller General's Office. Each state agency's equitable portion of the expense must be determined by a schedule developed by the State Auditor. The remittance must be based upon invoices provided by the State Auditor upon completion of the annual audit. The audit must be rebid using a request for proposals no less frequently than every five years.
HISTORY: 2005 Act No. 164, Section 1.
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