34.

Finances and Audits

34.9

Audits

34.9.5

Loss, Theft, Embezzlement, or Misappropriation of Church Funds

If Church funds have been lost or stolen, or if a leader has embezzled or misappropriated Church funds, the stake president or chairman of the stake audit committee should be notified promptly. He notifies the Church Auditing Department (or the area controller if the unit is outside the United States and Canada). The Church Auditing Department (or area controller) sends a loss report form to the stake president or chairman of the audit committee. Under the direction of the Church Auditing Department (or the area controller), the stake president or chairman of the audit committee ensures that the matter is properly investigated and the loss form is properly completed and submitted.

If a major misuse of funds is discovered, the stake president or chairman of the audit committee also notifies the Area Presidency.