The Church Audit Committee Report
Wilford G. Edling April 1984 Saturday Afternoon Session
We have reviewed the annual financial report of the Church as of 31 December 1983 and operations for the year then ended. The financial statements and operations reviewed by the committee include the general funds of the Church and of other controlled organizations, the accounts of which are maintained by the Finance and Records Department of the Church. We have also examined the budgeting, accounting, and auditing procedures employed and the manner in which funds are received and expenditures are controlled. We determined that expenditures of general Church funds were authorized by the First Presidency and by budgetary procedures. The budget is authorized by the Council on Disposition of Tithes, comprised of the First Presidency, the Council of the Twelve, and the Presiding Bishopric. The Budget and Appropriations Committee, in weekly meetings, administers the expenditure of funds under the budget.