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Horry County auditor issues clean opinion on FY2025; federal single-audit report pending
Summary
Independent auditor Grant Davis told the Horry County Administration Committee the county s FY2025 financial statements received an unmodified (clean) opinion and auditors found no material weaknesses; the federal single-audit compliance report is pending because the federal compliance supplement was released later than usual.
Grant Davis, the county's independent auditor, told the Horry County Administration Committee on Dec. 2 that the auditors issued an unmodified ("clean") opinion on the county's financial statements for the fiscal year ended June 30, 2025. "Unmodified is really not glamorous language, but it's really the only acceptable result in a financial statement," Davis said during his presentation.
Davis said the auditors conducted routine testing of accounting estimates (useful lives, pension discount rate, allowance for receivables) and reviewed footnote…
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