Study Guide for "Church Auditing Department Report, 2018"

In this talk, Kevin R. Jergensen presents the Church Auditing Department Report for the year 2018. As the Managing Director of the Church Auditing Department, he provides insights into the financial stewardship of the Church, explaining the process and principles that guide the use of Church funds. This talk provides a transparent look at the financial practices of the Church, emphasizing the Church's commitment to responsible and ethical financial management.

Before Reading

Before reading or listening to the talk, consider the following questions:

What is the role of the Church Auditing Department?
What principles guide the expenditure of Church funds?
How does the Church ensure ethical and responsible use of its funds?
What does it mean for the Church to live within a budget, avoid debt, and save against a time of need?

Topics

Understanding the Role of the Church Auditing Department

The Church Auditing Department is responsible for conducting audits to provide reasonable assurance regarding the Church's contributions received, expenditures made, and safeguarding of Church assets. It operates independently of all other Church departments and consists of credentialed professionals.

Church Auditing, which consists of credentialed professionals and is independent of all other Church departments, has responsibility to perform audits for the purpose of providing reasonable assurance regarding contributions received, expenditures made, and safeguarding of Church assets.

What is the purpose of the audits performed by the Church Auditing Department?
Why is it important for the Church Auditing Department to operate independently of other Church departments?
How can the principles of accountability and transparency demonstrated by the Church Auditing Department be applied in your personal financial management?
How does the Church's commitment to ethical financial practices influence your trust in the Church?

Following Approved Budgets, Policies, and Procedures

The Church disburse funds in accordance with approved budgets, policies, and procedures. These are authorized by the Council on the Disposition of the Tithes, composed of the First Presidency, the Quorum of the Twelve Apostles, and the Presiding Bishopric.

Church entities disburse funds in accordance with approved budgets, policies, and procedures.

Who authorizes the expenditure of Church funds?
Why is it important for the Church to follow approved budgets, policies, and procedures in disbursing funds?
How can you apply the principle of following a budget in your personal finances?
How does understanding the Church's careful use of funds influence your willingness to pay tithing?

Living Within a Budget, Avoiding Debt, and Saving

The Church follows the practices taught to its members of living within a budget, avoiding debt, and saving against a time of need. This is reflected in the Church's financial practices and is part of the Church's teachings on financial stewardship.

The Church follows the practices taught to its members of living within a budget, avoiding debt, and saving against a time of need.

What financial practices does the Church adhere to?
Why is it important to live within a budget, avoid debt, and save for a time of need?
How can you better live within a budget, avoid debt, and save for a time of need?
How have you seen the blessings of following the Church's teachings on financial stewardship in your life?