S1078: Municipal Audit

Legislative Summary

Amend Section 5-7-240, Code Of Laws Of South Carolina, 1976, Relating To Independent Audits Of Municipal Financial Records And Transactions, So As To Allow Municipalities With Less Than $500,000 In Total Revenues To Provide A Compilation Of Financial Statements; And To Amend Section 14-1-208, Relating To Municipal Court Audits, So As To Make Conforming Changes.