| Resolution Number: | 1979-A123 |
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| Title: | Amend Canon I.6.5 [Audit of Church Institutions] |
| Legislative Action Taken: | Concurred As Substituted and Amended |
| Final Text: | |
Resolved, That Title I, Canon 6, Section 1 [sic] be hereby amended to read as follows:
All accounts of the Diocese shall be audited annually by an independent Certified Public Accountant. All accounts of Parishes, Missions, or other institutions shall be audited annually by an independent Certified Public Accountant, or independent Licensed Public Accountant, or such audit committee as shall be authorized by the Finance Committee, Department of Finance, or other appropriate diocesan authority.
All reports of such audits, including any memorandum issued by the auditors or audit committee regarding internal controls or other accounting matters, together with a summary of action taken or proposed to be taken to correct deficiencies or implement recommendations contained in any such memorandum, shall be filed with the Bishop or Ecclesiastical Authority not later than 30 days following the date of such report, and in no event, not later than September 1 of each year covering the financial reports of the previous calendar year.
| Citation: | General Convention, Journal of the General Convention of...The Episcopal Church, Denver, 1979 (New York: General Convention, 1980), p. C-14. |
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Legislative History
| Author: | The Executive Council |
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| Originating House: | House of Deputies |
| Originating Committee: | Committee on Program, Budget, and Finance |
House of Deputies
On the seventh day, the Committee on Program, Budget, and Finance presented its Report #2 on Resolution A-123, and recommended a Substitute Resolution as follows:
Proposed Committee Sustitute:
Resolved, the House of Bishops concurring, That Title I, Canon 6, Section 1 [sic] be hereby amended to read as follows:
All accounts of the Diocese shall be audited annually by an independent Certified Public Accountant. All accounts of Parishes, Missions, or other institutions shall be audited annually by an independent Certified Public Accountant, or independent Licensed Public Accountant, or such audit committee as shall be authorized by the Finance Committee, Department of Finance, or other appropriate diocesan authority.
All reports of such audits, including any memorandum issued by the auditors or audit committee regarding internal controls or other accounting matters, together with a summary of action taken or proposed to be taken to correct deficiencies or implement recommendations contained in any such memorandum, shall be filed with the Bishop or Ecclesiastical Authority not later than 30 days following the date of such report, and in no event, not later than September 1 of each year covering the financial reports of the previous calendar year.
Resolution adopted
(Communicated to the House of Bishops in HD Message #83)
House of Bishops
On the eighth day, HD Message #83 on Resolution A-123 Substitute was received.
The House concurred
(Communicated to the House of Deputies in HB Message #137)
| Report Reference: | Executive Council, Reports to the 66th General Convention, 1979, p. AA-99. |
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| Abstract: | The 66th General Convention amends Canon Title I.6.5 to provide for annual financial audits for Dioceses and congregations. |
| Notes: | The canonical citation given in this resolution (Canon Title I.6.1) is incorrect. The appropriate citation for the section requiring amendment is Canon Title I.6.5. |