He has the gift of being able to know in depth matters financial, including IRS details and changes, and being able to translate the CPA world and its requirements and value to laity and clergy alike.
Rev. Louis R. Lothman, Th.D., Director, Pastoral Counseling Services, Presbyterian Minister, Presbyterian Church (U.S.A.)
Second of a three-part series In our last post, we discussed the need for a church audit and the differences between audits, reviews and agreed upon procedures engagements. Now we’ll discuss the fundamental operation of an internal audit committee, assuming you run only a basic church operation without a school, daycare, book store, foundation, etc. […]
High financial scrutiny of public companies and increasing incidences of fraud discovery are causing churches to wonder if they need an audit. One question often asked is, “How much does an audit cost?” Congress and standards disseminated by the industry itself have besieged the public accounting profession with new regulations. More stringent standards require more […]
