Audit confirms South Carolina's $1.8B financial error largely nonexistent

An audit of South Carolina's state finances finds that the puzzling $1.8 billion account mostly never existed in the first place.The lengthy report, independently done by consulting firm AlixPartners, was released Wednesday afternoon, and says: "We determined that approximately $1.6 billion of the $1.8 billion did not represent real cash."It also found the remaining $245 million did exist but was already included in the bank balances. This report was supposed to be released on Jan. 1 but was pushed back two weeks due to a need for additional review.Read more: https://www.wcnc.com/article/news/politics/south-carolina-politics/south-carolina-state-budget-missing-money-audit/275-57ab36f8-2386-4c7c-928c-449dd54875cbWCNC Charlotte To Go is a daily news and weather podcast you can listen to so you can start your day with news that impacts you from the team at WCNC Charlotte.  SUBSCRIBE: Apple Podcasts || Spotify || Pandora || TuneIn || Google Podcasts || iHeartAll of WCNC Charlotte's podcasts are free and available for both streaming and download. You can listen now on Android, iPhone, Amazon, and other internet-connected devices. Join us from North Carolina, South Carolina, or on the go anywhere.