Church Audits

Canon 23 of the Canons of the Diocese of Tennessee requires that all congregations of the diocese submit an annual audit to the Treasurer of the Diocese. This is also required under the provisions of the Canons of the Episcopal Church (I.7.f-g).

Parishes and missions with annual revenues of less than $300,000 may conduct an internal audit. The internal audit may be performed by a committee of the Mission Council or Vestry. The treasurer of the congregation should not serve on this audit committee. If your congregation has annual revenues of less than $300,000, please attach a copy of your Balance Sheet and Income Statement as of 12/31/20 with this checklist: Church Audit Memo Letter & Church Audit Checklist for Revenue Under $300,000.

Parishes and Missions with revenues of more than $300,000 but less than $500,000 may have their financial records reviewed by a certified public accountant or a public accounting firm.

Congregations with total revenues of over $500,000 in 2020 must have an audit conducted by an independent certified public accountant.