South Carolina state law requires all school districts to have their finances reviewed and analyzed annually

District earns exemplary financial review for the 19th consecutive year
Posted on 12/11/2019
Audit

FOR IMMEDIATE RELEASE
Tuesday, December 10, 2019

Beaufort County School District earns 19th
consecutive audit with no financial findings

BEAUFORT – For the 19th consecutive year, the Beaufort County School District has earned an exemplary financial review from outside auditors.

The Greenville-based auditing firm of Elliott Davis told the Board of Education tonight that it had found no weaknesses or deficiencies in the school district’s internal financial controls during the 2018-19 fiscal year and no findings of noncompliance with state or federal laws.

South Carolina state law requires all school districts to have their finances reviewed and analyzed each year by independent outside auditors.  From May through October, a team of Elliott Davis auditors reviewed the school district’s FY 2018-19 finances.  Tonight, Elliott Davis presented the results of its audit to the Board of Education.

Tim Grow, head of the Elliott Davis office in Charleston, praised the school district’s finance staff in his presentation.  “You have an incredibly strong accounting function,” Grow said.