District audit earns positive review

District audit earns positive review
Posted on 12/13/2016
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FOR IMMEDIATE RELEASE

Tuesday, December 13, 2016

 

Beaufort County School District earns 17th
consecutive audit with no negative findings

 

BEAUFORT – For the 17th consecutive year, the Beaufort County School District has earned an exemplary financial review from outside auditors.

 
The Charleston-based auditing firm of Elliott Davis Decosimo told the Board of Education on Tuesday that its four-person team had found no weaknesses or deficiencies in the school district’s internal financial controls during the 2015-16 fiscal year and no findings of noncompliance with state or federal laws.

 
“This is yet another outstanding audit result, and Superintendent Moss and the district’s finance staff deserve to be congratulated,” said Board Chair Mary Cordray.  “To accomplish this every year requires an extraordinary amount of work and attention to detail.”

South Carolina state law requires all school districts to have their finances reviewed and analyzed each year by outside auditors.  In late September and early October, Elliott Davis Decosimo’s four-person team did a two-week onsite review of the school district’s FY 2015-16 finances.  On Tuesday night, Elliott Davis Decosimo representatives presented the results of their audit to the Board of Education.

 

“A clean audit is a signal to parents and community members that their tax dollars are in good hands, and 17 straight years of clean audits makes a very strong statement,” said Superintendent Jeff Moss.  “Our ongoing challenge is to have this kind of outstanding financial report every year.”