(A) The Council shall provide for an independent annual audit of all financial records and transactions of the municipality and of any agency funded in whole or in part by municipal funds, and may provide for more frequent audits as it deems necessary. The audits shall be made by a certified public accountant or firm of the accountants who have no personal interest direct or indirect, in the fiscal affairs of the municipal government or any of its officers
(B) The Council may, without requiring competitive bids, designate the accountant or firm annually or for a period not exceeding four years, provided, that the designation for any particular fiscal year shall be made no later than 30 days after the beginning of the fiscal year. The reports of the audit shall be made available for public inspection. The Council may, in its discretion, accept independent audits of municipal agencies and departments and include the audit of the municipality.
(1985 Code, § 2-47)
Statutory reference:
Similar provisions, see S.C. Code § 5-7-240