Audits

Per Canon 17, all parishes, missions and institutions of the Diocese are required to submit all accounts for auditing annually. Recognizing the different financial capacities of individual churches, the Diocese allows for three different audit procedures. Annual budget dictates which audit procedure a church follows.

Congregations reporting $50,000 or less in Line D parochial report income may perform an internal audit by committee by downloading and completing the short committee audit form. (Download and save this form to your computer before filling it out.) Note the Diocese will accept only audits by committee completed using the committee audit form and following the guidelines contained therein.

Congregations reporting between $50,000 and $500,000 in Line D parochial report income may perform a review following the long committee audit form. (Download and save this form to your computer before filling it out.) Note the Diocese will accept only audits by committee completed using the committee audit form and following the guidelines contained therein.

Congregations reporting between $500,000 and $1,000,000 in Line D parochial report income may have a review by a certified or independent public accountant. Such congregations are required to have a regular audit in any year during which there is a change in accounting personnel or rectors.

Congregations reporting more than $1,000,000 in Line D parochial report income are required to have an annual audit by a certified or independent public accountant.

If a congregation believes they are unable to meet the audit requirement for their income level, they may request, in writing to the department of business affairs and administration, a waiver for one year. Investment assets outside the Common Trust Fund may be considered when reviewing the appeal.

The request must state the reason for the appeal and be emailed to Maria Gillespie.