Church Auditing Department Report, 2022

Understanding the Role of the Church Auditing Department

The Church Auditing Department is independent of all other Church departments and entities. It comprises credentialed professionals who perform 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.

• Why is the Church Auditing Department independent of all other Church departments and entities?
• What is the purpose of the audits performed by the Church Auditing Department?
• How can the principles of independence and professional credibility applied by the Church Auditing Department be applied in your personal or professional life?

Authorizing the Expenditure of Church Funds

The expenditure of Church funds is authorized by the Council on the Disposition of the Tithes, which is 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.

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.

• Who has the authority to authorize the expenditure of Church funds?
• What guides the disbursement of Church funds?
• How can the principles guiding the disbursement of Church funds be applied in your personal financial management?
• How does knowing about the authorization and use of Church funds impact your understanding of tithing?

Adherence to Financial Principles

The Church follows the financial practices it teaches its members, which include living within a budget, avoiding debt, and saving against a time 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?
• How are these practices reflected in the Church's financial management?
• How can you apply the Church's financial practices in your personal life?
• What steps can you take to live within a budget, avoid debt, and save for a time of need?

Audit Results for the Year 2022

The audit for the year 2022 found that, in all material respects, contributions received, expenditures made, and assets of the Church have been recorded and administered in accordance with Church-approved budgets, accounting practices, and policies.

Based upon audits performed, Church Auditing is of the opinion that, in all material respects, contributions received, expenditures made, and assets of the Church for the year 2022 have been recorded and administered in accordance with Church-approved budgets, accounting practices, and policies.

• What were the results of the Church's audit for the year 2022?
• How does the Church ensure that its financial records and administration are in accordance with approved budgets, accounting practices, and policies?
• How does the Church's financial transparency and accountability influence your faith and trust in the Church?
• How can you apply the principles of transparency and accountability in your personal and professional life?