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.

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

I think it’s important to note, this is not any fraud, this is not a misrepresentation, that this is just incompetence, in errors that have occurred over a period of time,” SC House Speaker Murrell Smith said.

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.

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,

State legislators are weighing in now following the independent forensic audit by AlixPartners determined that accounting errors compounded over years, instead of being reconciled, were responsible for what had been reported to be $1.