By Stephanie Braswell for The Island Connection
On July 16, Mayor Lipuma outlined a series of corrective actions to be implemented by the council in response to a forensic accounting review of the Town’s financial operations. One of those steps called for a new auditor to review the town’s financial practices annually.
On August 7, the Town of Kiawah Island Council voted to approve Greene, Finney and Horton, LLP to become the Town’s new auditor. This agreement would be for professional auditing services to the Town for the fiscal year ending June 30, 2015 with renewal options through fiscal years ending June 30, 2019. Additional changes in the auditing process include:
• The Town auditor will be required to meet with members of the Council before and after the auditing process and discuss any control concerns directly with Council.
• The audit report presented to the Town Council will be made by the auditor and not the treasurer. This will ensure the integrity of the audit.
Greene, Finney & Horton has been providing full-service accounting, tax, and consulting solutions in South Carolina for more than 16 years. Current clients include the towns of North Charleston, Mt. Pleasant and Folly Beach. Founded in 1996, the firm was established to help small businesses, government entities, and non-profit clients find success. More information can be found at www.gfhllp.com.