South Carolina Statutes
§ 11-7-60 — Cost of preparing Comprehensive Annual Financial Report; requests for proposal.
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.
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South Carolina § 11-7-60 (Cost of preparing Comprehensive Annual Financial Report; requests for proposal.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2005 Act No. 164, SECTION 1.
Nearby Sections
10
§ 11-7-10
Selection; assistants.§ 11-7-20
Annual audits of state agencies.§ 11-7-30
Audit reports.§ 11-7-45
Guarantee of independence.