S.C. Code Regs. § § 12-718
Current through Register Vol. 48, No. 11, November 22, 2024
Section 12-718 - Generally Accepted Accounting Principles (GAAP) Closing PackagesA. Description: Closing packages consist of GAAP forms submitted annually to the Comptroller General's Office to indicate year end adjustments for GAAP reporting. Information includes annual financial statement, the agency's name, due dates, purpose or objective, area of accounting data, any action to be taken, description, and dollar amount. Selected portions of this series are scheduled to be retained permanently in the State Archives through the Comptroller General's Office.B. Retention: 3 years; destroy.Added by State Register Volume 17, Issue No. 6, eff June 25, 1993.