financial statement review signature timeframe

Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
eblood66
Senior Member
Posts: 3931
Joined: Mon Sep 24, 2007 9:17 am
Location: Cumming, GA, USA

Re: financial statement review signature timeframe

#11

Post by eblood66 »

There isn't any way to get notifications when statements are available. It does show a reminder on the finance dashboard but it doesn't send an email. You can submit feedback using the link on the LCR page to suggest that they add such a notification or to add it to the weekly summary that gets sent out.
jayrollins
New Member
Posts: 2
Joined: Sat Oct 05, 2024 6:59 pm

Re: financial statement review signature timeframe

#12

Post by jayrollins »

CFbandm wrote: Tue Aug 03, 2021 4:01 pm I have been in contact with our area assistant auditor and he forwarded my question to our area auditor. They confirmed that the time frame for signing financial statements is 45 days. The reason for the exception in my case was that I performed the audit 25 days into July but the ward had 45 days to complete the signing of the June statement. They did sign the June statement during the audit and the area auditor told me that even though the system had flagged it, I should not have written it up as an exception (because they signed it within the 45 days) even though the system had flagged it. Seems like the last month of an audit cycle could be problematic, That clarifies the issue with me. Hope that helps others as well.
I have searched and failed to find the standard of 45 days to review a Local Unit Financial Statement in any official Church source. If anyone can direct me to such a source, I would greatly appreciate it!
eblood66
Senior Member
Posts: 3931
Joined: Mon Sep 24, 2007 9:17 am
Location: Cumming, GA, USA

Re: financial statement review signature timeframe

#13

Post by eblood66 »

jayrollins wrote: Sat Oct 05, 2024 7:03 pm I have searched and failed to find the standard of 45 days to review a Local Unit Financial Statement in any official Church source. If anyone can direct me to such a source, I would greatly appreciate it!
I'm not aware of any written statement. But as far as I know any instructions from your Area Auditor are considered binding. So ask your Assistant Area Auditor. If they give you the same answer then that's the policy you should follow.
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