The committee’s role is to act on behalf of the church members and oversee all material aspects of the church’s financial reporting, control, and audit functions. The audit committee’s role includes a particular focus on the qualitative aspects of financial reporting, church processes for the management of risk, and compliance with significant, applicable tax, legal, ethical, and regulatory requirements.

The purpose of the audit is to assure church members and church leaders that an objective and professionally conducted financial review audit has been conducted, that appropriate financial procedures are being followed, that accurate records are being kept, that reporting is factual and consistent, and that monies contributed both for local and wider church missions are being used appropriately.


  1. Financial Reporting

Review and assess the financial statements before they are released to the public or filed with funders or regulators.

Review and assess the key financial statement issues and risks, their impact or potential effect on reporting financial information, the processes used by church leadership to address such matters, related auditors’ views, and the basis for audit conclusions.

Approve changes in important accounting principles and the application thereof in both interim and annual financial reports.

Advise financial management and the external auditors that they are expected to provide a timely analysis of significant, current financial reporting issues and practices.

  1. Risks and Controls

Review and assess the church’s operating and financial risk management process, including the adequacy of the overall control environment and controls in selected areas representing significant risk.

Review and assess the church’s system of internal controls for detecting accounting and financial reporting errors, fraud and defalcations, legal and tax code violations, and noncompliance with the church’s code of conduct and financial policy. In that regard, review the related findings and recommendations of the external and internal auditors, together with church leadership responses.

Review the results of the annual audits of church expense accounts .

  1. External and Internal Auditors

Work with the external auditors from the conference.

Review with church leadership and the external auditors the results of the annual audits and related comments in consultation with other committees as deemed appropriate, including any difficulties or disputes with leadership, any significant changes in the audit plans, the rationale behind adoptions and changes in accounting principles, and accounting estimates requiring significant judgments.

  1. Financial policy implementation

Oversee administration of the church’s financial policy including the review and approval of significant conflicts of interest and related-party transactions.




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