South Carolina comptroller to step down following $3.5B accounting error.

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Source: The Guardian US
South Carolina comptroller to step down following $3.5B accounting error.
Photo: The Guardian US
TL;DR Summary

South Carolina comptroller general, Richard Eckstrom, is set to resign next month after a $3.5bn accounting error in the year-end financial report he oversaw. The error, which was undetected for nearly 10 years until its discovery by a staffer last year, placed Eckstrom under a harsh spotlight. State house lawmakers called for an impeachment inquiry. A state senate panel investigated the error and issued a damning report last week, suggesting Eckstrom resign or face removal “for willful neglect of duty”.

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