Page 1 - Auditor's 2019 Session Report (2)
P. 1
Auditor’s Report
WE
WHY
AN
NEED
AUDIT?
1. To ensure the effective and
Mr. Chairman, efficient operation of the
delegates, members, I church.
am pleased to present 2. To review compliance with
th
this report to this 5 basic administrative and
quadrennial session of accounting principles; and
the Grenada Conference. church policies.
To begin let me establish 3. To instill a sense of
what an audit is; and confidence in the
why we need one. management that the
church is functioning well
“An audit is a systematic and and is prepared to face
independent examination of
books, accounts, record, potential challenges that
documents and vouchers of an may arise in the future.
organization to ascertain how far 4. To assure members that
the financial statements present a
true and fair view of the their donations are used
organization’s financial position for for the purposes
a particular period.” intended.
For those who are still not
convinced about the
importance of the audit