Audit Report for Local Church

 Access the Local Church Audit Guide by clicking HERE
Audit Checklist and related forms are located on located on pages 31-36.
 

The audit report form is now called the Fund Balance Report and can be downloaded by clicking here.

Due to DS by June 30

The audit should be written and should include at a minimum:

1  Documentation of steps taken  - use Check Off List found in Local Church Audit Guide
2  Fund Balance Report (formerly called Audit Report Form)
3  Statement of Financial Position (balance sheet)
4  Statement of changes in net assets (statement of activities)
5  Statement of cash flows
6  Comments, if any, on the reliability of the treasurer's financial reporting
7  Comments, if any, on insurance policy coverage
8  Comments, if any, on compliance with donor restrictions on gifts

When all these steps have been completed, the auditor should review the work
done with the church treasurer and financial secretary, and endeavor to answer any
lingering questions.

The audit is complete when the auditor is reasonably assured that the financial records are in order, financial policies have been complied with and any discrepancies have been investigated and controls have been reviewed. With that assurance, the auditor is ready to prepare the Fund Balance Report.