Mandating Periodic Management Audits for Institutions of Higher Learning
H.4081 directs the Legislative Audit Council to conduct management performance audits of every public institution of higher education in South Carolina every ten years on a staggered schedule. The cost of the audits are to be absorbed by the school being audited as an operating expense.
This is a much-needed move towards accountability in higher education. If the taxpayers are funding these schools, the state has a responsibility to make sure that money is not being wasted.