Full Legislative History
Resolution Number: 1979-A123
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.