South Carolina's $1.8 Billion Accounting Error Explained

Reported about 5 hours ago

An independent audit has revealed that the previously reported $1.8 billion missing from South Carolina state funds was actually due to a long-standing accounting error, not a missing sum. This has raised further questions about accountability and transparency in the state's financial management, especially regarding the roles of Treasurer Curtis Loftis and former Comptroller General Richard Eckstrom. Investigations are ongoing to determine the nature of the error and whether any cover-up occurred, while state officials stress that the citizens' money remains safe.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis