Petition 80124

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Annual Audit (80124-LC-¶259.4c)

Amend ¶259.4c as follows:
    c) The committee shall make provision for an annual internal audit of the records of the financial officers of the local church and all its organizations and shall provide a printed report of such an internal audit to the charge  church conference. (Audits required by other institutions will need to be provided by persons certified in accordance with the laws of the state or nation under which each local church is legally established.)

Rationale

An internal audit is an “in-house” document designed to provide administrators an internal review of procedures and a spot check of the product of such procedures.  Such an audit requires much less scrutiny than what is often called “a full audit” which is what “an audit” is in legal terms.