Administrative Audit Division
MMS has developed an industry specific product tailored especially for churches and not-for-profit organizations.
Expected Outcomes
Your church or organization will receive two professionally-bound original copies of the “Report of Findings,” which includes the following:- A letter summarizing our findings and informing church leadership of any “significant risk factors”*
- A summary of your processes in each area studied (incoming funds, budgeting, disbursements, etc.)
- Commendations, or things that are done well, for each area studied
- Recommendations, or areas for improvement, for each area studied
- An analysis of donor contributions
- An Action Plan document, to assist the church in prioritizing recommendations and jump-starting the improvement process after the audit is complete
- An MMS Compilation of Financials statements will be provided
* In the process of performing our administrative audit, if we discover situations, lack of internal controls, lack of compliance with federal, state or local regulations or other processes that could potentially expose the church to fines, legal actions or where the opportunity exists that allows for fraud or misuse of funds or for inaccurate or misleading information to be published, we would classify that as a SRF (significant risk factor).
If we find that an SRF has caused the organization harm, then we classify those instances as an "Impacting Deficiency."
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Purpose - Scope of Work - Methodology - Expected Outcomes - Cost