Fund Management, Financial Guidelines And Financial Intelligence – Part 1
By Pastor J. A. Adeyokunnu FUND MANAGEMENT The Bible says “money answers all things” (Ecclesiastes 10:19), and money is also a defence (Ecclesiastes 7:12) but the love of money is the root of all evil not money itself (1 Timothy 6:10). In fact, it is a common saying that money is the vehicle of the […]
Church Accounting Management And Control-Audit Perspective – Part 3
By Pastor J. A. Adeyokunnu APPOINTMENT OF PROVINCE INTERNAL AUDIT TEAM The Province Internal Audit Team can be appointed by the Provincial Pastor or his representative either by: I. Appointing all the members of the internal audit team and name one as team leader OR II. Appointing the team leader while he appoints his team […]
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 […]
