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
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