In accordance with Proviso 93.19 of the FY 2024-2025 South Carolina Appropriations Act, the South Carolina Department of Administration (Admin) engaged an independent firm, experienced in forensic accounting, to conduct a forensic accounting review of all cash and investments held in the State Treasury. Using a competitive procurement process, a panel consisting of representatives from the Department of Administration, the S.C. Attorney General’s Office, awarded AlixPartners LLP (“AlixPartners”) June 17, 2024, and an AlixPartners began work July 18, 2024.

AlixPartners has released its final report, State Treasury Forensic Accounting Review Final Report, detailing the firm’s analysis and investigation, as well as their findings and recommendations as required by the proviso.

View the State Treasury Forensic Accounting Review Final Report.