The results of the audit found that $1.6 billion of the $1.8 billion believed to have existed was the "result of incorrect journal entries."

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,

A South Carolina Department of Administration report revealed origins of a $1.8 billion accounting discrepancy that has puzzled lawmakers and residents alike.

In a shocking revelation, a nearly $2 billion accounting blunder has rocked South Carolina’s state finances. On Wednesday evening, Governor Henry McMaster confi

Thursday morning Richland County Representative Heather Bauer announced she has filed articles of impeachment against SC Treasurer Curtis Loftis. Bauer says, over almost a decade, the treasurer knew or should have known of serious reporting errors.

In the wake of a report that South Carolina’s financial leaders allowed a $1.8 accounting blunder to linger on the state’s ledger for nearly a decade, one House Democrat is calling for the impeachment of state Treasurer Curtis Loftis.

House Speaker Murrell Smith has pledged investigations into South Carolina Treasurer Curtis Loftis' handling of a $1.8 billion accounting error made by his office that was allowed to fester for years.