<html><head><style type='text/css'>body { font-family: 'Arial'; font-size: 12pt; color: #000000}</style></head><body>One option would be to do as a number of churches (larger than yours) do and that is to have a "Review of Internal Controls" done by your CPA in lieu of a full audit. In fact, our firm encourages this as opposed to the full audit. Our church as adopted a comprehensive policy manual that addresses all issues in the church, including financial. Our Committee on Finance has opted to have the Review of Internal Controls done for a number of years. It seems more practical and saves significant church expense. <br><br>----- Original Message -----<br>From: XPDunn@aol.com<br>To: lcfinance@listserv.nccumc.org<br>Sent: Saturday, October 6, 2007 1:45:18 AM (GMT-0500) America/New_York<br>Subject: [LCFinance] Small church and ways to afford an audit<br><br><font face="arial,helvetica"><font face="Arial" lang="0" size="2">Our small church is challenged with our ability to afford an audit by a CPA or someone who feel qualified to conduct our audit. We have received bids of $4,500 to do our audit. Our annual budget is a little less than $80,000 per year for all income - with half of this going to our apportionment. Is there a way that the conference could contract with a single firm to do audits for 10 small churches, and in that way get the price per church in a more affordable rage like, $1,500 for an audit? Or are there other possible solutions?</font><br><br><br>**************************************<br> See what's new at http://www.aol.com<br>--
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<br><br>-- <br>Don Horne, Finance Officer<br>Trinity United Methodist Church<br>301 Marine Blvd.<br>Jacksonville, NC 28540<br>(910) 455-4814<br>Email: trinityfinance@embarqmail.com<br></font></body><br />--
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