One Way to Evaluate the Financial Integrity of Your Church
Don't fear financial audits--they can show better ways to use ministry resources.

Audit. It's a dirty word among some church administrators. And we're not even talking about an IRS tax audit, which conjures up images of intimidating government agents whose sole mission is to uncover your financial misdeeds. We're talking church financial audits, the kind that provides invaluable feedback on the financial integrity of your organization. So why, if a financial audit is a good thing, do so many financial administrators dread the annual audit more than any other aspect of their jobs?

Certified Public Accountant Vonna Laue of Capin Crouse LLP, explains. "When we think of audit, we think of a process where someone is trying to catch you doing something wrong, like the IRS audit. While the word audit has negative connotations, we try to help churches understand that we're there to help them do their ministry the best they can while at the same time maintaining our professional skepticism."

Excerpted from "Surviving a Church Financial Audit," an article available for free to non-members of ChurchLawAndTax.com throughout October. Each day at noon in October, ChurchLawAndTax.com is unlocking another free article to offer non-members a view of this valuable, trusted, authoritative resource that helps churches stay safe, legal, and financially sound.

This content is designed to provide accurate and authoritative information in regard to the subject matter covered. It is published with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. "From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations."

Due to the nature of the U.S. legal system, laws and regulations constantly change. The editors encourage readers to carefully search the site for all content related to the topic of interest and consult qualified local counsel to verify the status of specific statutes, laws, regulations, and precedential court holdings.

Subscribe

If you found this article helpful, subscribe to ChurchLawAndTax.com for access to more articles like this one.

Subscribe to Church, Law & Tax

ChurchSalary

ChurchSalary

Experience a whole new way to set compensation. Eliminate the guesswork – get access to detailed compensation reports in just minutes.

Church Board Guide to Developing a Risk Management Strategy

Church Board Guide to Developing a Risk Management Strategy Subscriber access only

Learn why it is essential your church develop a risk management strategy and how to implement the strategy in your church.
Church Compensation

Church Compensation Subscriber access only

Learn the many pieces of employee compensation so you're in compliance with government guidelines and your ministry staff is properly cared for.