More than in any other organization, the Church has a moral duty to model financial transparency. Yet studies show that we have yet to achieve it. One 2006 publication by Villanova University found that 85% of Catholic dioceses had discovered embezzlement of church money within the previous five years, with 11% reporting that more than $500,000 had been stolen. In this webinar, we discuss:
• The need for a standard model of financial transparency tailored to Catholic Church organizations
• What developing a standard model might look like
• How to foster efficient processes, reliable financial statements, sound financial controls, and audit processes.