The audit for the previous year should be completed by August 1st. Please refer to the Local Church Finance Minimum Standards guide for more information about this annual review.
Local Church Audit Guide
No. That does not meet the requirement for an annual audit as financial reporting provides no assurance on the validity, completeness or accuracy of the data. On the other hand, […]
Hiring an outside professional auditing firm is not required. Though it is recommended for churches with annual receipts in excess of $300,000 – $400,000. The person(s) performing the audit should […]
According to the Local Church Audit Guide published by GCFA, an audit of a local church is, “an independent evaluation of the financial reports and records and the internal controls […]