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NUMBER: 6-1-1 APPROVED DATE: 08-30-1995

LEGAL AUTHORITY: SC Code §11-11-20, SC Code §59-53-52 (16), SC Code §59-53-420, §59-53-440

BASED ON POLICY NUMBER AND TITLE: SBTCE POLICY 7-5-102 UNIFORM AUDIT GUIDE

Purpose:  To establish procedures for preparing, printing and distributing Trident Technical College's Annual Financial Report.

The Finance department shall prepare an annual financial report at the close of each fiscal year. The report must be submitted to the State of South Carolina Office of Comptroller General no later than October 1.  The report shall be published on the College's website, and limited printed copies will be distributed as required.

The report shall include results of the annual financial audit and shall be prepared in accordance with the uniform audit guide issued by the State Board of Technical and Comprehensive Education, applicable audit guides prepared by the American Institute of Certified Public Accountants (AICPA), generally accepted auditing standards, Government Auditing Standards issued by the Comptroller General of the United States, and the U.S. Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

Updated: 08-25-2010

Reviewed: 06-18-2015

Updated: 06-21-2019