CPA Volunteer-Church Audit Committee

Any non-Tax accounting topics go here.
#1
ICOUNT  
Posts:
81
Joined:
2-May-2014 7:34am
Location:
wisconsin
I'm a CPA. Can I ethically serve as a volunteer on my churches audit committee? It is made up of 3 other church members.
My designation as a CPA will not be used. The church can not afford an outside independent CPA audit firm>
 

#2
Joan TB  
Posts:
1897
Joined:
21-Apr-2014 9:08am
Location:
Texas
In my experience, these sort of things are SOOOO not an audit, as a CPA would use the term. It usually consists of making sure there are docs for each disbursement, and that is about it. However, I usually decline to serve on them.
 

#3
Posts:
511
Joined:
29-Sep-2015 10:10pm
Location:
Gray, TN
Internal audit is different than an external (independent) audit. It's the same as any CPA that sits on an NPOs board or audit committee. You are not producing audited financial statement because you are not independent.
 


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