SC H3925

Requires the Comptroller General to annually confirm by November 1 the accuracy of cash and investments in the treasury for the previous fiscal year, with any unreconciled differences reported to legislative leadership

Mandates the State Treasurer maintain an accounting of cash and investments by agency and fund, and produce an annual report by August 31 to the Comptroller General and legislative finance committee chairs

Expands the State Treasurer's annual January report to the General Assembly to include gross interest and fees earned, realized and unrealized investment gains/losses, and any new or unaccounted-for amounts

Requires the State Treasurer to confirm accuracy of treasury data, inform the General Assembly of any substantive concerns, and ensure sensitive financial information remains confidential

Prohibits the State Auditor from contracting with the same external auditing firm used in the previous five years for the Comprehensive Annual Financial Report without prior Joint Bond Review Committee review