S.C. Code Regs. 12-719. Generally Accepted Accounting Principles (GAAP) Reporting System Working Papers

A. Description: Working papers consist of notes, working drafts and copies of GAAP forms used to support all entries in an agency’s closing package for GAAP reporting. Information includes date, computations, analysis, justifications, recommended adjustments for GAAP reporting, and other related information. B. Retention: 3 years; destroy.