Parish & Mission Audits
Due annually on September 1st
The Canons of the Episcopal Church and of the Diocese of Easton require an annual audit for all parishes, missions and institutions.
Annual audits:
– Help protect church assets
– Protect those handling the monies or investments of the church against suspicion of mishandling those assets
– Improve internal controls and procedures
– Confirm to parishioners that all monies and investments are properly accounted for
– Have a positive impact on stewardship
Audit committee members should be independent of the financial operations of the congregation. A typical audit committee has three members. Consider partnering with a neighboring parish to create a shared audit committee if needed.
A parish may opt to have an audit performed by certified public accountants with certified financial statements and an auditor’s opinion and notes to the statements. A copy of the CPA’s report is required to be sent to the Diocese.
– Consult this document prior to beginning your audit for a simple step by step summary of how to conduct the audit and a listing of documents which should be submitted along with your audit procedure form
– This form is completed by the audit committee and submitted to the diocesan office* along with the required supporting documents
* Attn: Megan Timms 314 North Street Easton, MD 21601 or megan@dioceseofeaston.org
Any questions may be directed to:
Megan Timms, Finance Administrator, 410-822-1919, megan@dioceseofeaston.org
Fred Welsh, Finance Committee Chair, 443-994-3403, fswelsh3@outlook.com
Myron Richardson, Treasurer, 410-725-4335, richarmf@icloud.com