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.
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