Part 10 of our ongoing Fraud in the Church series. PSK in cooperation with the National Association of Church Business Administration (NACBA) conducted a survey to determine the extent to which churches are attempting to address the problem of church fraud. We asked them to respond to this statement: Our church has established a “Positive Pay” arrangement with our bank. Increasingly, […]
There is a great difference in attitude in the church environment between receipts and disbursements. While churches exercise extreme vigilance over the “inflow” of funds into the church, many have a rather cavalier attitude towards the “outflow”. Churches also tend to rely on a few “fraud prevention” methods which in my opinion provide little more […]
Churches tend to have only one motivation for staying in compliance with the tax laws. And that is staying out of trouble. Churches practice compliance with the Internal Revenue Code primarily to avoid unnecessary penalties and interest, protect their tax-exempt status and stay out of the news. The prevailing attitude is “We do these things […]