When it comes to ministry finances, two crucial elements should always be considered: adequate internal controls and trained individuals.
Effective internal controls allow the ministry to detect and prevent fraudulent activity. Trained individuals provide the extra layer of security and support needed when handling ministry finances and can also help identify fraudulent activity that may bypass the established controls. By ensuring these two elements are in place you can better protect the finances of the church and minimize the opportunities for fraud and embezzlement to occur.
In this Adventist Risk Management, Inc. (ARM) webinar, join David Fournier, chief client care officer, and Andrew Moll, corporate treasurer, as they review and discuss some of the financial risk management basics. Learn about the controls and guidelines that should be established to protect your ministry and its people.
Learn more about financial risk management in ARM’s Financial Internal Controls info sheet.
