Church Accounting Management And Control-Audit Perspective – Part 2

By Pastor J. A. Adeyokunnu BANKING OTHER THINGS TO NOTE INTERNAL CONTROL SYSTEM All the necessary control should be put in place to ensure adequate security of cash, bank, stock, assets, books and records in the province. The controls can include: OTHER RECOMMENDATIONS REMARKS It is our opinion that if all the weaknesses mentioned above […]

Church Accounting Management And Control-Audit Perspective – Part 1

By Pastor J. A. Adeyokunnu THE FINANCIAL POLICY MAKERS The financial policies and guidelines must be formulated and approved by the General Overseer with input from: a. Finance/Accounts Department b. Salary Review Committee c. Others IMPLEMENTATION Policy and guidelines once formulated, must be implemented at all levels by all responsible officers of the church. MONITORING […]