Reducing finance audit exceptions

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
paulbrooking
New Member
Posts: 2
Joined: Mon Mar 23, 2015 4:17 pm

Reducing finance audit exceptions

Postby paulbrooking » Mon Mar 23, 2015 4:46 pm

I am a Stake Clerk and would like to know of some way to help Ward Finance Clerks have a means of doing pre-audit testing to try to reduce numbers of exceptions they receive on their audits. Any suggestions?

jdlessley
Community Moderators
Posts: 6526
Joined: Sun Mar 16, 2008 11:30 pm
Location: USA, TX

Re: Reducing finance audit exceptions

Postby jdlessley » Mon Mar 23, 2015 5:29 pm

The audit checklist is available in MLS. I, as a unit clerk, use it just as an auditor will with one exception. Instead of the sample inspections, every donation and every expense is checked. I do this far enough in advance (weeks) to permit contacting donors and those receiving disbursements when needed. It usually takes several hours to check everything on the audit checklist, including every donation batch and every expense disbursement. The time spent doing this is well worth it.
JD Lessley
Have you tried finding your answer on the LDS.org Help Center page or the LDSTech wiki?

paulbrooking
New Member
Posts: 2
Joined: Mon Mar 23, 2015 4:17 pm

Re: Reducing finance audit exceptions

Postby paulbrooking » Tue Mar 24, 2015 2:29 pm

Thank you. I will suggest this to the finance clerks. PB


Return to “Local Unit Finance”

Who is online

Users browsing this forum: Bing [Bot] and 1 guest