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ECFA Sets Higher Standards for Compensation, Transactions

Why all churches should consider following these steps for pay and related-party deals.

ECFA Sets Higher Standards for Compensation, Transactions

We live during a time when it is more important than ever for churches and their leaders to demonstrate integrity, as admonished by the Apostle Paul on several occasions.

Moral compromise and financial mismanagement—only amplified in the media—have caused many people to lose trust in some of our nation's most respected institutions, the church included. This in turn leads to additional barriers to carrying out the Great Commission.

When ECFA (Evangelical Council for Financial Accountability) was founded in 1979, its visionary leaders realized that enhancing trust in churches and other Christ-centered organizations would be essential to an effective witness and greater Kingdom impact. ECFA has accomplished this mission of enhancing trust by requiring its accredited members to follow its Seven Standards of Responsible Stewardship, which are drawn from Scripture related to governance, ...

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Posted:
  • August 20, 2013

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