Administrative Audit Division
MMS has developed an industry specific product tailored especially for churches and not-for-profit organizations.
Scope of Work
Incoming funds – Review all areas associated with the receiving and handling of church funds, including processes, internal controls, and work flow. Review contribution statement accuracy through verification letters to a sample of church donors. Observe offering counting process.
Budget process – Review the budget process and corresponding financial reporting, assuring that the record keeping is in balance with the intent of the budget process.
Allocating/approval of funds – Review procedures and controls associated with the allocation and approval of expenses to ensure a tight process.
Disbursement of church funds - Review all areas and processes associated with the retention and disbursement of church funds. This includes reviewing bank statements, check processing and financial statement accuracy.
Accounting – Review General Ledger, financial statements, and general compliance issues relating to the reporting of data.
Payroll/Payroll Taxes - Review the payroll process and associated government regulated tax forms to ensure compliance and accuracy.
Human Resources/Compensation – Review staffing and compensation. Review personnel management processes overall for improvement opportunities.
General – Review general IT issues, church insurance coverage, and any other area deemed necessary during the audit fieldwork.
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Purpose - Scope of Work - Methodology - Expected Outcomes - Cost