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Posted by: pharrell ( )
Date: December 09, 2011 12:21AM
Whats all this about the church doing a financial audit every general conference and reporting that finances are in order?

TBM mission friend said something about this. Any insight?

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Posted by: JoD3:360 ( )
Date: December 09, 2011 12:30AM
Re: Whats all this about the church doing a financial audit every general conference and reporting that finances are in order?

The report that is read only states that all finances are in order. No details of any kind, and the membership just nod in unison.

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Posted by: zulu1 ( )
Date: December 09, 2011 12:41AM
This was the case years ago...

but was discontinued. Mormonism was following standard church practices by having accountability. Reporting of finances was a given. Then, it changed. Secrecy and no accountability became the norm (and we're above any questions).

I belong to a Protestant Church now-they post paper and electronic accounting of every dollar (actually penny) line by line--even the coffee that is available for pre/post services. How refreshing! Accountability to members!

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Posted by: xophor ( )
Date: December 09, 2011 01:31AM
Re: Whats all this about the church doing a financial audit every general conference and reporting that finances are in order?

From "Great Moments in LDS Mormon Church History" on i4m.com:

Dec 4,1959 - Budget Committee reports that church spent $8 million more than its revenues that year. As result, church permanently stops releasing annual reports of expenditures.

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Posted by: baura ( )
Date: December 09, 2011 01:51AM
Re: Whats all this about the church doing a financial audit every general conference and reporting that finances are in order?

What are you people complaining about?

Each conference the Brethren read a report from their hand-picked, faithful, temple-worthy, obedient, Mormon auditors who say that everything is in order.

What more could you want?

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