Our Standards of Accountability
- 1 - A Declared Christian Ministry
- 2 - An Independent Active Governing Board
- 3 - An Independent Audit
- 4 - Public Financial Disclosure
- 5 - An Audit Review Committee
- 6 - Pursuit of Integrity
- 7 - Declared Stewardship Policy
- 8 - Program Effectiveness & Efficiency
- 9 - Code of Accountability
Certified Membership Application Form
CCCC Standards of Accountability
Standard 3: An Independent Audit
The organization shall prepare financial statements within a reasonable period after the end of each fiscal period which shall be prepared in accordance with generally accepted accounting principles and be signed by two members of the governing board on behalf of such board. A public accounting firm which is licensed or otherwise authorized to practice public accounting in the jurisdiction which governs the organization shall be engaged to express a written opinion on the presentation of the financial information in such statements.
Commentary
A financial statement audited by a qualified professional is the generally accepted means of earning credibility with the public and with government authorities. To use such expertise is a minimum requirement for Christian ministries seeking to honour God and demonstrate sound stewardship. "Within a reasonable period" as a minimum means that such audited financial statements are prepared in time to meet all statutory and regulatory reporting requirements (typically within six months of the fiscal year end).
"Going through the rigour of getting the seal and maintaining the seal and looking at the standards is immensely helpful."
- Malcolm Burrows,
Scotia Private Client Care
