South Carolina General Assembly
123rd Session, 2019-2020

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H. 3128

STATUS INFORMATION

General Bill
Sponsors: Reps. Moore and S. Williams
Document Path: l:\council\bills\nl\13771sd19.docx

Introduced in the House on January 8, 2019
Currently residing in the House Committee on Ways and Means

Summary: Auditing of political subdivisions or schools

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/18/2018  House   Prefiled
  12/18/2018  House   Referred to Committee on Ways and Means
    1/8/2019  House   Introduced and read first time (House Journal-page 96)
    1/8/2019  House   Referred to Committee on Ways and Means 
                        (House Journal-page 96)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/18/2018

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-7-65 SO AS TO PROVIDE THAT THE STATE AUDITOR SHALL APPROVE ANY AUDITOR OR AUDITING FIRM ENGAGED BY A COUNTY, MUNICIPALITY, SCHOOL DISTRICT, OR OTHER POLITICAL SUBDIVISION OF THIS STATE TO PERFORM AN ANNUAL OR OTHER AUDIT OF THAT ENTITY AS TO THE AUDITOR'S PROFESSIONAL COMPETENCE AND INDEPENDENCE FROM THE ENTITY BEFORE THAT AUDITOR OR AUDITING FIRM MAY UNDERTAKE THE AUDIT, AND TO PROVIDE THAT IN MAKING THIS DETERMINATION, THE STATE AUDITOR SHALL INSURE THAT AUDITS OF ANY PARTICULAR ENTITY HAVE BEEN SYSTEMATICALLY ROTATED AMONG AUDITORS AND AUDITING FIRMS QUALIFIED AND AVAILABLE TO PERFORM THE AUDITS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Chapter 7, Title 11 of the 1976 Code is amended by adding:

"Section 11-7-65.    The State Auditor shall approve any auditor or auditing firm engaged by a county, municipality, school district, or other political subdivision of this State to perform an annual or other audit of that entity as to the auditor's professional competence and independence from the entity before that auditor or auditing firm may undertake the audit. In making this determination, the State Auditor shall insure that audits of any particular entity have been systematically rotated among auditors and auditing firms qualified and available to perform the audits."

SECTION    2.    This act takes effect upon approval by the Governor.

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This web page was last updated on February 1, 2019 at 4:29 PM