By Alex Acree Unlike public companies, nonprofit organizations aren’t legally required to complete an annual financial audit. They don’t need to demonstrate to shareholders and government entities that their finances are in order. There are a few reasons, however, that nonprofits should conduct audits of their financial operations. Large nonprofits that receive more than one […]
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Depending on your role at the church, you’ll hear the word “audit” and come to one of two conclusions:
If you’re the finance manager, you understand the need for the substantiation of the integrity of the data — even though an audit can add to your already busy workload.
If you’re the pastor, it comes down to one word: “Why?” The financials are written in what appears to be a foreign language, and they don’t seem to help as you try to make good, mission-critical decisions, anyway.
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