Study Guide for "Church Auditing Department Report, 2019"

In this talk, Kevin R. Jergensen presents the Church Auditing Department Report for 2019. He explains the role of the Church Auditing Department in ensuring the proper use and administration of Church funds, in accordance with the principles revealed in Doctrine and Covenants section 120. He also assures that the Church follows the practices it teaches to its members, such as living within a budget, avoiding debt, and saving for times of need.

Before Reading

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

What is the role of the Church Auditing Department?
How does the Church ensure the proper use and administration of its funds?
What financial practices does the Church follow and teach its members?

Topics

Understanding the Role of the Church Auditing Department

The Church Auditing Department, independent of all other Church departments and entities, is responsible for performing audits to provide reasonable assurance regarding contributions received, expenditures made, and safeguarding of Church assets.

Church Auditing, which consists of credentialed professionals and is independent of all other Church departments and entities, 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 role of the Church Auditing Department?
Why is the Church Auditing Department independent of all other Church departments and entities?
Why is it important for the Church Auditing Department to be independent?
How does the role of the Church Auditing Department impact the Church and its members?

Ensuring the Proper Use and Administration of Church Funds

The Church ensures the proper use and administration of its funds through the Council on the Disposition of the Tithes, as directed by revelation in Doctrine and Covenants section 120. Church entities disburse funds in accordance with approved budgets, policies, and procedures.

Directed by revelation, as recorded in section 120 of the Doctrine and Covenants, the Council on the Disposition of the Tithes—composed of the First Presidency, the Quorum of the Twelve Apostles, and the Presiding Bishopric—authorizes the expenditure of Church funds.

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

How does the Church ensure the proper use and administration of its funds?
What is the role of the Council on the Disposition of the Tithes in the administration of Church funds?
How can understanding the administration of Church funds strengthen your faith in the Church's financial practices?
What principles can you learn from the Church's approach to managing funds?

Following and Teaching Financial Practices

The Church follows and teaches its members financial practices such as living within a budget, avoiding debt, and saving for times of need.

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 follow and teach its members?
Why are these financial practices important?
How can you apply the Church's financial practices in your personal life?
What experiences have you had with living within a budget, avoiding debt, and saving for times of need?