SC auditor resigns

Reforms coming after SC's $1.8 billion accounting error. Now the question is who to blame.
The SC Senate to discuss the future of the state's finances after it was discovered $1.8 billion in missing funds didn't actually exist. Treasurer Curtis Loftis remains defiant about his role.
SC auditor resigns after outside audit found $1.8 billion ‘surplus’ was actually an accounting error
South Carolina’s State Auditor George Kennedy resigned Thursday after an outside audit found what was thought to be a $1.8 billion surplus in the state’s budget was actually an accounting error.
SC’s state auditor resigns from job amid controversy over state’s $1.8B accounting error
South Carolina State Auditor George Kennedy III and outside independent auditor Remi Omisore, a principal at CliftonLarsonAllen, speak to a Senate Finance subcommittee about the comptroller general’s office $3.5 billion financial reporting error. Joseph Bustos [email protected]
$1.8 billion isn’t missing after all in South Carolina but questions remain about accounting error
It turns out that $1.8 billion in South Carolina state funds weren’t just sitting in a bank account waiting to be spent. Instead, it was an accounting error compounded over years instead of being reconciled,
SC auditor tangled up in $1.8B accounting error resigns
State Auditor George Kennedy's resignation follows the 2023 resignation of former Comptroller General Richard Eckstrom.
South Carolina state auditor resigns amid $1.8 billion accounting scandal
South Carolina auditor George L. Kennedy has resigned following allegations his office failed to report billions of dollars worth of accounting errors.
SC state auditor resigns amid federal investigation into multibillion-dollar accounting errors
Two of South Carolina’s financial officers have now resigned in the wake of multibillion-dollar accounting blunders that prompted a federal securities investigation. State Auditor George Kennedy submitted his resignation Thursday in a letter to the state’s five-member fiscal oversight panel.
SC taxpayers’ cost of fixing a $1.8B accounting blunder could keep growing
The bills continue to pile up as South Carolina legislators consider spending more money on a series of accounting snafus ...
South Carolina lawmakers call to axe treasurer after $1.8 billion accounting error
South Carolina lawmakers are calling for the state treasurer to be impeached after an independent audit found that a ...
GMA Network34m
Acquittal in tax case doesn't erase tax obligation — SC
The Supreme Court (SC) reiterated that being acquitted in a criminal tax case does not automatically exempt an individual ...
House Democrat calls for SC treasurer’s impeachment over $1.8B accounting debacle
In the wake of a report that South Carolina’s financial leaders allowed a $1.8 accounting blunder to linger on the state’s ...
With SC’s finances under SEC investigation, lawmakers seek financial ‘babysitter’
An outside forensic auditing firm recommended the state hire a third-party compliance officer after determining most of a ...
manilastandard1h
SC: Tax case acquittal doesn’t erase obligation to pay
The Supreme Court (SC) on Friday said being acquitted of a criminal tax violation does not automatically exempt a taxpayer from paying unpaid taxes. In a ...
Post and Courier1d
Loftis: SC treasurer is committed to voters and transparency
I write to address claims made in recent editorials questioning my leadership as South Carolina’s treasurer. While I welcome scrutiny, this matter can harm our state’s vaunted credit rating and ...
Delhi tax bar bodies: SC reserves treasurer post for women lawyers, 30% seats in executive panel
The Supreme Court directs reservations for women lawyers in executive committees of Delhi Sales Tax Bar Association and Delhi ...